At it's simplest, intellectual property can be referred to as a creative work which can be treated as an asset or physical property.
Copyright applies to work that's recorded in some way.
"Copyright is a law that protects the use of your work once your idea becomes reality; whether you are writing a book or a blog, shooting a movie on your phone or creating your next masterpiece. You are the rights-owner." (Copyrightaware, 2019)
Find out more on the topic from the UK Copyright Service's Intellectual property guide (UK©CS)
As soon as your work has been created it is automatically protected by copyright.
You may wish to to provide a Creative Commons Copyright License in order to make your work available to share and control the options
Yes. Only in exceptional circumstances will undergraduate and masters students be required to assign their Intellectual Property.
You will retain copyright and the University might ask you to grant it permission to use your work for specified purposes such as for promotional and educational purposes.
In exceptional circumstances, If you are an undergraduate or masters student and have made unusually heavy use of University facilities or staff expertise in developing IP with clear commercial potential, you may be required to make an assignment to the University by deed at any point during your programme.
If the University commercialises IP you have generated, you will be entitled to a share of the profits made from that IP. Your share will be calculated according to the same formula used to remunerate staff-inventors.
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The following are all types of intellectual property protection
You get some types of protection automatically, others you have to apply for:
Automatically protected:
Protection you have to apply for
Use to protect:
Keep these types of intellectual property secret until they’re registered.
If you need to discuss your idea with someone, use a non-disclosure agreement.
Speak to a professional