Q: What are the three types of Intellectual Rights?

Answer: A) Patents, Trademarks, and Copyrights
Explanation: Intellectual property rights are legal protections granted to individuals and organizations for their creations and inventions. The three primary types of intellectual property rights are:

• Patents: Patents are granted for new, useful, and non-obvious inventions or discoveries. They provide the patent holder with the exclusive right to use, manufacture, and sell the invention for a specified period, typically 20 years. Patents encourage innovation by allowing inventors to protect their inventions and benefit financially from them.

• Trademarks: Trademarks protect symbols, names, phrases, logos, and other identifiers used to distinguish goods or services of one entity from those of others. Trademarks help consumers identify and trust the quality of products and services. Trademark protection can last indefinitely as long as the mark is in use and properly maintained.

• Copyrights: Copyrights protect original works of authorship, such as literary, musical, artistic, and certain other intellectual works. Copyright grants the creator exclusive rights to reproduce, distribute, perform, display, and create derivative works based on the original. Copyright protection lasts for the life of the creator plus an additional 70 years, in most cases.

These intellectual property rights incentivize creativity and innovation by ensuring that creators and inventors can control and profit from their work, fostering a culture of ongoing development and cultural enrichment.