Copyright
The tangible and exclusive legal right that applies ownership to the creator and protects the ‘expressions’ of some ideas, but not the idea itself. It lasts for 70 + years after author’s death. The author of the work has the ‘moral right’ to be identified as the author of the work and object to the distortion of the work. Economic rights associated with copyright vest in the owner of the copyright. The owner could be different from the author. For instance, in the case of a book, the owner of the copyright could be the publisher, and in the case of the movie, it could be the producer. In some instances, copyright may be jointly owned as well.
Patents
Patents are known as the set of exclusive rights granted by a sovereign state to an inventor. A patent lasts 20 years for a utility patent, and 14 years for a design patent, beginning from the day that the patent application was filed. Patents protect inventions,which could either be products or processes. The requirements for an invention to be patented is that it must be useful, non-obvious, and new.
Trademarks
Trademarks are defined as a recognizable symbol, sign, expression, design , etc. which is used to identify and differentiate one product or service from another. Some common examples of trademarks that you probably encounter on the daily are the McDonald’s Golden “M” symbol, or the famous Nike Swoosh. An interesting fact about a trademark is that it never expires; it lasts forever! Also, there is no need to apply for a trademark because the minute the owner puts it in a tangible format, it is already protected by copyright. Even the Kardashian-Jenner sisters have filed documents to trademark the names of their children on a number of products including clothing lines, toys, and skincare products. Kylie Jenner and Travis Scott filed a trademark for “Stormiworld”.
Trade Secrets
Trade secrets are the information that act as a “secret device” for manufacturing a company’s products. These secrets could act as a formula, program, method, process, pattern, etc. An example could be a secret formula to Coca Cola. Unlike the other forms of protection such as copyright, trademark or patent this does not have to be in a tangible medium this can simply be an idea that one company develops and discloses the information from the public, that is where the term secret comes into play.