Property does not only comprise of tangible things like houses, cars, furniture, money, investments etc and such property are not the only type that can be protected by law. There are several other forms of intangible property known as intellectual property that have been recognized under the law and granted protection against infringement. The three primary kinds of intellectual property rights are copyrights, trademarks and patents.

Copyrights are intellectual property pertaining to rights of an author or an artist over his or her original piece of work. This right may be awarded for songs, films, paintings and other types of artistic expressions and not just the written or printed material. It bestows the owners with a number of rights including economic and moral rights besides the right of being known as the creator of the piece.

Trademarks in contrast are intellectual property that deals with protection accorded to certain text, symbols and other marks that distinguish the origin of one item from the other. They protect the trademark owners from being economically exploited by unscrupulous elements.

The third type of intellectual property right, termed as patent, safeguards the rights of inventors in their novel and beneficial invention. It gives them sole privilege of usage and sale of their work for a particular period.

There are some other less common types of intellectual properties that can be owned by people. Knowledge passed on from generation to generation in a specific sect; exclusive and secret ingredients or recipes which go into creating popular products like Coca Cola; and geographical position based descriptions, which denote certain merchandise like Champagne, are some examples of this kind of intellectual property.

These three kinds of intellectual property are quite different from one another for the most part but also possess certain similarities. All three are recognized by law in a way that enables the owners of the property to take legal action against the violator and get reparation for misuse.

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