What are the different types of intellectual property rights?
• Ownership Rights Ownership is the highest form of control one can exercise over any type of property, including intellectual property. Ownership in fact consists of a bundle of many rights which together comprise the concept of being an owner. For example, ownership includes the following rights among many others: • licensing rights – split up between territories and fields of use • assignment rights (right to transfer/sell ownership) • security rights (right to mortgage or encumber ownership to borrow funds) • right to patent/copyright • right to sue for infringement • the right to commercialize the intellectual property These rights can be divided up by the owner in many ways and result in a variety of different parties deriving particular rights in specified circumstances. For example, the intellectual property may be exclusively licensed to several parties in each of the territories where it is patented. In such circumstances each party is distinguished from the other by virtue o
