ABSTRACT
This chapter deals with the methods by which the company can protect its most valuable, asset its knowledge. Intellectual property is a term used to describe a group of legal rights to the ownership of innovation information or trading position. There are four types of intellectual property that protect innovation. They are, the patent, the registered design, the design right, and copyright. A patent is a monopoly right granted by the state to the inventor of a new invention, in return for the disclosure of that invention to the public at large in the patent document, so that anyone can use the idea after the monopoly comes to an end. Under the Copyright, Designs and Patents Act 1988 there are two separate rights that may exist in a design, meaning a three-dimensional shape. Copyright is simply a right of protection against copying all or a recognisable part of something that has required skill and labour to write or draw.
