When an author has created an original piece, he or she owns the copyright over this work and is granted protection for them. Copyright safeguards all forms of artistic expressions including melodies, films, videos, designs etc besides original literature. Under copyright law, the owner of the work gets a number of privileges which include financial rights to income generated from the work and acknowledgement as sole owner of that work.

On the other hand, trademarks accord the one who has registered it, the safety over certain graphical representations, words or marks which identify the creator or source of products to prevent replication and thus infringement. They safeguard the trademark owners from being financially exploited by counterfeiters.

The third kind of intellectual property right is the patent, which is granted to inventors to safeguard their inventions and ideas. A patent is valid for a specified period and allows the holder exclusive right to use and sell his or her invention.

There are some more intellectual property rights too which are less often registered and used. To give some examples of these rare intellectual properties, they can be some special knowledge carried forward by a particular family only; company secrets like recipes behind successful products; and location based symbols or marks to refer to a product which comes from that place, like Champagne.

Though these forms of intellectual property are separate from each other there are certain commonalities between the three. All three are provided for by law in a way that enables the owners of the property to take legal action against the infringer and get compensation for misuse.

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