Definition (as per World Intellectual Property Organisation):

Literacy, artistic and scientific works, performances of performing artists, phonograms and broadcasts, inventions in all fields of human endeavour, scientific discoveries, industrial designs, trademarks, service marks, and commercial names and designations; protection against unfair competition, and all other rights resulting from intellectual activity in the industrial, scientific, literacy and artistic fields.

Forms of Intellectual Property:

1. Rights of artist, painters, musicians, sculptors, photographers, and authors for copyright in their works.
2. Rights of computer programmers whether in source or object code for a copyright in their programmes and compilation data.
3. Right of performers, producers of phonogrammes (Sound Recording) and broadcasting organizations in respect of fixation of their programmes for a copyright in their work.
4. Right of traders in their trade mark.
5. Right of the inventor for patent in his invention.
6. Right of computer technologies for their layout designs of integrated circuits for a patent in the work developed by them.
7. Right of breeders in bio-technology for a patent in the new plant variety grown by them.
8. Right of designers for their distinctive design striking to the eye.
9. Right of manufacturers and producers on geographical indication in relation to such products and produce.
10. Right of businessmen for protection of their undisclosed information on technology and management i.e. business secrets.

Objectives of Intellectual Property:

The objective of protecting Intellectual Property is to spread respect for the work of creators and inventors and understanding the role and importance of intellectual property.