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By Fola Olusanya, Koye Edu, Niyi Duale
The oil and gas industry is buzzing with excitement following the recent announcement by the Federal Government of the 2nd Marginal Field Licensing Round.
Intellectual property (IP) is an umbrella term for various legal entitlements which attach to certain names, written and recorded media and inventions. The word IP refers to creation of the mind and expression: inventions, literary and artistic works, symbols, names and images used in commerce.