Task 4 Industry and Market Trends

Intellectual property (IP) is a legal term that refers to creations of the mind. Examples of intellectual property include music, literature, and other artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Under intellectual property laws, owners of intellectual property are granted certain exclusive rights. Some common types of intellectual property rights (IPR) are copyright, patents, and industrial design rights; and the rights that protect trademarks, trade dress, and in some jurisdictions trade secrets. Intellectual property rights are themselves a form of property, called intangible property.

Intellectual property

Licensed IP

Licensed Franchised IP To give the right or privilege.

Characters and setting are licensed.

Authorisation to use licensed material is given by the licensor to a licencee.

Serialized original IP

This is often created from scratch.(inspired by other copyrighted work) and then built into a new series.