Intellectual Property Legal Terms Glossary
Navigating Key Terms and Concepts in the World of IP Law with Precision and Clarity
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- Copyright
The exclusive legal right to reproduce, publish, sell, or distribute an original literary, artistic, or intellectual work. - Intellectual Property
Creations of the mind, such as inventions, literary and artistic works, symbols, and names, that are protected by law. - Patent
A legally-enforced right to exclusively make, use, and sell an invention for a limited time. - Public Domain
Works that are not protected by intellectual property rights and are freely available for public use. - Royalty
A payment made to an intellectual property owner for the use or exploitation of their intellectual property rights. - Trade Secret
Confidential business information providing a competitive advantage, protected by law from unauthorized disclosure or use by others, given reasonable efforts to maintain secrecy. - Trademark
A legally registered symbol, word, phrase, or design that distinguishes a company's goods or services, protecting the brand identity in the marketplace.