Intellectual property is something of value that has been created by a human mind, such as a book, a song, a new invention, or a unique business process. Intellectual property law is concerned with protecting the creator's rights in those things of value.
There are four main types of intellectual property law: patents, trademarks, copyrights, and trade secrets. Patents are given on inventions. Trademarks are acquired on logos or symbols, such as Nike's swoosh. Copyrights protect forms of expression, such as books or songs. Trade secrets are business methods or processes that given its owner a competitive advantage and are secret from competitors.
The process of registering for a copyright is generally less expensive than the process for registering for a patent or a trademark.
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