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Simple English definitions for legal terms
industrial goods
Read a random definition: cui ante divortium
A quick definition of industrial goods:
Industrial goods are products that are used by businesses to produce other goods or services. These goods can include machinery, equipment, and raw materials. Industrial goods are different from consumer goods, which are products that are purchased by individuals for personal use. Industrial property refers to the ownership of patents, trademarks, and copyrights that a business has, which allows them to prevent others from using their ideas or designs.
A more thorough explanation:
Industrial goods are products that are used in the production of other goods or services. They are also known as capital goods. Examples of industrial goods include machinery, equipment, tools, and raw materials.
Industrial property refers to the legal rights that a business has over its intellectual property. This includes patented goods, industrial designs, trademarks, and copyrights. These rights allow a business to exclude others from using their intellectual property without permission.
For example, if a company has patented a new machine, they have the exclusive right to manufacture and sell that machine. This prevents other companies from copying their design and profiting from it.
The term "industrial property" is used in the Paris Convention, which is an international treaty that protects intellectual property rights. Although the term is not defined in the treaty, it is meant to be interpreted broadly.