Overview

Intellectual Property is a subject of recent origin. You own houses, jewels, shares, money in the form of cash etc. These are tangible assets. You enjoy them as you own them. Unless and until you offer them to somebody else, these things which you own cannot normally be taken away and enjoyed by others. Intellectual property, on the other hand, refers to the ownership of intangible and non-physical goods. It results from the expression of an idea. It is the property of your mind or a proprietary knowledge. So, it may be a brand, an invention, a design, a song or another intellectual creation. It may be the creation of a computer or a smartphone. It may be the invention of a medicine. Since it is the property of your mind, the moment it is divulged, the benefits arising from these ideas can be enjoyed by others. As soon as it is divulged, it forces itself into the possession of everyone. You may be aware that Thomas Jefferson was an American Founding Father and was the principal author of the Declaration of Independence. He was a proponent of democracy, republicanism and individual rights motivating American colonists to break from Great Britain and form a new nation. He later served as the third President of the United States from 1801 to 1809. According to him If nature has made any one thing less susceptible than all others of exclusive property, it is the action of the thinking power called an idea, which an individual may exclusively possess as long as he keeps it to himself; but the moment it is divulged, it forces itself into the possession of everyone, and the receiver cannot dispossess himself of it. Its peculiar character, too, is that no one possesses the less, because every other possesses the whole of it. He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me. This book gives a brief outline as to what are the various facets of Intellectual Property and how to protect them from possible exploitation.

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