In modern legislation there is such a term as intellectual property. Recently, this legal term has been used more often because questions constantly arise around copyright and related rights. To be able to resolve such conflicts, you need to know the legal basis.
Intellectual activity is a special area of work, the result of which cannot always be felt or realized. But, nevertheless, this is the same property as any other material object or something like that. Everything that is of a certain value can now cause conflicts, and in some cases, intellectual property is valued very highly. In this case, we are talking about products or certain results of human intellectual activity.
From a legal point of view, this term refers to the totality of rights that a person or an entire company has. This person, or company, respectively, is called the copyright holder. Only those who have all intellectual rights will dispose of this property.
As already mentioned, in the modern world intellectual property is of certain value, because it can generate income, sometimes quite high. In this connection, there is a need for protection and legal justification of possession and possession of rights to use, since, unlike a material subject, products of intellectual activity are usually intangible and can be easily used by other people, including for income generation.
Legal assessment and designation of the boundaries of application of laws
The concept of intellectual property includes several basic varieties of products and documents that legally assign rights to a particular person or legal entity. These documents can be obtained after the appropriate assessment procedures have been carried out. The main task is to try to evaluate the intellectual property as a whole as objectively and accurately as possible, to indicate its value and assign the rights to it to a specific person.
In Russia, there are standards for the valuation of any property of the ICSID, according to which intellectual property is assessed. The requirements of the American and Russian Society of Appraisers, as well as the International Association of Appraisers are taken into account.
Types of Intellectual Property
The subject of evaluation in this case is the specific result of creative activity. In this capacity, scientific and technological achievements, professional secrets and knowledge, design projects, books, music, films, etc. can be made. The procedure is designed to determine their possible value in terms of importance and material benefits to the owner.
The ownership of a property is determined by special documents. A patent determines the right to own inventions, and also gives the right to use it at its discretion and receive income. A license is a document authorizing the conduct of an activity using certain intellectual property products, although it does not give the right to own it.
A variety of trademarks and brands, advertising slogans and more can also fall under the category of creative products. Often they are also evaluated and patented to limit third-party use. Copyright and related rights take effect when it comes to books, music, films, and other products. This intellectual property often causes conflict.