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TABLE OF CONTENT

1. Intellectual Property (IP) – An Overview 2
2. Intellectual Property Rights And Protection Benefits 3
3. Intellectual Property Categories 4
3.1. Industrial Property 4
3.2. Copyright 7
4. Brief History of IP Law in Malaysia 8
4.1. Intellectual Property Issues In Malaysia 9
5. Business Responsibility in Intellectual Property 11
5.1. IP Help to Keep Your Ideas 12
5.2. IP Protects Business Growth 12
5.3. It’s Easier Than You Think 12
5.4. IP associated with a business 13
6. Positive Impacts of IP on Business Development and Growth 13
7. Negative Impacts of IP on Business Development and Growth 14
8. Benefiting from Intellectual Property Rights 16
9. Conclusions 16

Reference

Intellectual Property (IP) – An Overview
In general terms, intellectual property is any product of the human intellect that the law protects from unauthorized use by others. The ownership of intellectual property inherently creates a limited monopoly in the protected property. The products of the human intellect that comprise the subject matter of intellectual property are typically characterized as non-rivalrous public goods. Essentially, this means that the same product may be used simultaneously by more than one person without diminishing the availability of that product for use by others. In the words of Thomas Jefferson:

"If nature has made any one thing less susceptible than all others of exclusive property, it is the action of the thinking power called an idea, which an individual may exclusively possess as long as he keeps it to himself; but the moment it is divulged, it forces itself into the possession of everyone, and the receiver cannot dispossess himself of it. Its peculiar character, too, is that no one possesses the less, because every other possesses the whole of it. He who