What Are Intellectual Property Rights?

There are a lot of intellectual property rights and to be frank that would depend upon where you are dealing them with, it depends from region to region. While these rights come in two major areas, firstly, copyright and rights related to copyright. The rights of authors of literary and artistic works (such as books and other writings, musical compositions, paintings, sculpture, computer programs and films) are protected by copyright, for a minimum period of 50 years after the death of the author. The other one is industrial property rights, they are protected primarily to stimulate innovation, design and the creation of technology. In this category fall inventions (protected by patents), industrial designs and trade secrets. A functioning intellectual property regime should also facilitate the transfer of technology in the form of foreign direct investment, joint ventures and licensing.