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Innovation is a process of generating and applying new value-adding ideas toward modifying established methods and approaches.
Intellectual property is any value-adding, innovative, and tangible idea that originates from a person’s creative effort. Examples include a music score, lyrics, technology, algorithm, software, logo, etc. Intellectual property can be protected if it meets the criteria for one of the following categories:
Not every innovative idea qualifies for intellectual property protection. For example:
The inventor/author is the individual who conceptualizes the idea or subject matter. Sometimes, the conceptualization of an idea may be the product of more than one mind; in this case, they are called joint inventors/authors.
Not the inventor/author:
A patent is a government-issued legal document that provides intellectual property protection and a right that:
The are two types of patents:
For more information about patents, please click HERE.

A public disclosure is an oral or written form of non-confidential communication regarding the details of the invention. A public disclosure without prior-to-patent filing may result in the disqualification of patent rights. Information disclosure regarding the invention to a party under a Non-Disclosure Agreement (NDA) is considered confidential and is not qualified as a public disclosure.
A non-disclosure agreement (NDA) is a written document that provides a legal agreement between parties to keep all information, materials, and knowledge that is disclosed confidential.
A copyright is the legal right of the creator that is subject to protection from unauthorized use/duplication that:
For more information about copyright, please click HERE.
Any original and fixed product that involved noteworthy mental activity and independent thinking for its creation qualifies for copyright protection. This type of work is known as an Original Work of Authorship (OWA). It must be in tangible form — fixed. The original work belongs to a creator even without registration with the government. Registered copyright is required to bring a legal action for infringement/plagiarism.
Trade secrets are the intellectual property right on confidential information that gives you an advantage and that may be sold or licensed.
Confidential information must be:
For more information on trade secrets, please click HERE.
A trademark (™) is any:
that distinguishes you from others.
Trademark also:
For more information on trademarks, please click HERE.