Concept of Intellectual Property and Its Classifications
Concept of Intellectual Property and Its Classifications
Concept of Intellectual Property and Its Classifications
INTRODUCTION
“Property is in its nature timid and seeks protection, and nothing is more gratifying to the
government than to become a protector” as rightly said by John C. Calhoun. Property, generally,
is any item that a person or a business has legal title over such as houses, cars, or appliances, 1
however, property has extended beyond this meaning to cover intangible things and intellectual
properties such as rights in music, artistic work, literary work, audiovisual, inventions, logo,
slogan, and even product secrets all of which requires protection. The importance of protection of
property cannot be overemphasized as it is a fundamental human right enshrined in and protected
by the grundnorm – the Constitution of the Federal Republic of Nigeria 1999 (as amended). 2
1 Andrew Bloomenthal, ‘What is Property? Definition, Types, Valuation, and Taxation’ (Investopedia, 24 July 2024)
https://www.investopedia.com/terms/p/property.asp accessed 28th August 2024
2 CFRN 1999, s. 44
Intellectual Property refers to creations of the mind and innovations that originate from a
person’s mental effort, such as inventions, literary and artistic work, design, symbols, names, and
images used in commerce. 3 Intellectual Property (popularly known as IP) includes intangible
creations of human intellect, 4 owned and legally protected by a company from outside use or
implementation without consent.5 As Mark Getty once said, “Intellectual Property is the oil of the
21st Century,” so must we harness and protect the oil as a source of energy, in the form of
encouragement for innovative and creative work, and as a source of revenue to the author or owner.
Intellectual Property is a key aspect of economic development that requires ultimate protection.
Nevertheless IP is globally regulated by the World Intellectual Property Organization (WIPO).
1. Copyrights
2. Trademarks
3. Patents
4. Trade secrets
5. Registered Industrial Designs
6. Moral Right
COPYRIGHT
Copyright is a legal term used to describe the rights of an author of a creative work over
their literary and artistic works.7 Creative works such as books, music, paintings, sculptures, films,
computer programs, databases, advertisements, maps, and technical drawings are covered by
copyright. Copyright protection lasts for the lifetime of the author plus 50 years, and it may also
2024
5 Will Kenton, ‘What is Intellectual Property and What are some types’ (Investopedia, 7 July 2024)
TRADEMARKS
Trademarks are signs capable of distinguishing the goods or services of one enterprise from
those of other enterprises 10 Trademarks can be words, phrases, designs, or even things such as
scents and sounds that differentiate a particular product from another, they are used to indicate
both the source and quality of merchandise. 11 Trademark registrations last for 10 years but can be
renewed every 10 years. It is primarily regulated by The Trade Marks Act 1965 and the
Trademarks, Patents, and Designs Registry of the Ministry of Industry Trade and Investments,
Commercial Law Department. ™ means Trademark.
PATENTS
Patents are exclusive rights granted for an invention which provide the patent owner with
right to decide how – or whether – the invention can be used by others. 12 It is the exclusive right
to make or sell an invention. Patents apply to new and useful arts, process, machine, manufacture,
or composition of matter, however, it must be novel, non-obvious, and have real-world value.13
Patents are protected for 20 years. It is basically regulated by the Patent and Designs Act 1971 Cap
344 Laws of the Federation of Nigeria (LFN) 1990 and the Trademarks, Patents, and Designs
Registry of the Ministry of Industry Trade and Investments, Commercial Law Department.
TRADE SECRETS
Trade secrets are intellectual property rights on confidential information which may be sold
or licensed.14 In its simple context, it is a restriction on employees or staff of a company from
MORAL RIGHTS
Moral right is simply the right of the author of a work to be identified as the author. This
is related to copyright, however, it is to ensure the author’s reputation is not diminished by the use
of the work even after the fall of copyrighted work into public domain. While copyright can be
assigned or licensed, moral right can be waived.
CONCLUSION
15 O. M. Atoyebi, SAN FCIARB. (UK), ‘The Protection of Trade Secrets and Confidential Information in Nigeria’
(Omaplex Law Firm, 28 June 2024) https://omaplex.com.ng/the-protection-of-trade-secrets-and-confidential-
information-in-nigeria/ accessed 28th August 2024.
16 Ibid, footnote 14