INTELLECTUAL PROPERTY RIGHTS ; THE RIGHTS YOU SHOULD KNOW

Today the world is all about creating new elements or contents for the market. To get hits, sometimes , there are people who either take inspiration from others or copy in such a way that the person , company or the organisation doesn’t get to know. To be aware of the latter , here is an introduction to Intellectual Property Rights or IPR. Before understanding rights, we should first know what is the term ‘Intellectual Property’. 

IP is the intangible property that is the result of creativity such as literary or artistic work, names and symbols in the field of commerce. This term is used under Property Law.

There are five types of Intellectual property :-

 

1.Patents – A patent is a form of right granted by the government to an inventor or their successor-in-title, giving the owner the right to exclude others from making , using, selli, offering to sell, and importing an invention for a limited period of time , in exchange for the public disclosure of the invention. 

 

2. Copyrights – a copyright gives the creator of an original work exclusive rights to it, usually for a limited time. Copyright may apply to a wide range of creative , intellectual , or artistic forms. 

 

3.Trademarks – a trademark is a recognizable sign , design or expression which distinguishes products and services of a particular trader from similar products and services from other traders. 

 

4.Trade Secrets –   A trade secret is a process , formula , practice or design of information which is not generally known or explained to others by which they can have some huge advantages over other creators and customers.

 

5.Right of Publicity – it is generally defined as an individual right to control and profit from the commercial use of his/her name or persona. 



Intellectual Property Rights or IPR refers to the legal protection to the owners of intellectual capital which is also termed as intellectual property. In general terms , it is defined as the allocation of trademarks, patents or copyrights to ensure no one reuses or copies the creation without the owner’s permission.

Intellectual property Rights consists of -:

  • The Laws relating to TradeMarks / Brands (Trade Marks Act, 1999), Property Marks
  • The Laws relating to Copyright (Copyright Act, 1957) Artistic Work, Literary Work, Audio Video Records and Software
  • The Laws relating to Industrial Designs (Designs Act, 2000)
  • The Laws relating to Patents (The Patent Act, 1970)
  • The Laws relating to Geographical Indications. The geographical Indications of (Registration and Protection) Act, 1999
  • The Laws relating to Internet (Information Technology Act, 2000)

 

They are very important for the fast running world because of the following reasons :- 

  1. The main reason for IPR is to promote small scale businesses and start ups without the intrusion or interference by the larger companies. 
  2. Another need  for IPR is to add variety and uniqueness to the number of goods with various creators all over the world. 
  3. It is important for the availability of the original product and preventing common goods and services.
  4. It’s highly beneficial for the individually working people on the basis of their creations and content.
  5. In the field of technology, they are responsible for a massive amount of growth and development. 
  6. For the overall economic elevation of the people living in remote areas with only a source of income as their designs and creativity , IPR is outstanding.
  7. Recognition of the mastermind behind the creation of the property is maintained and done without any questions asked under this and hence its very vital in the field of property law.

That is why, IPR is all over a need for today’s creators and designers. With time , people will need specialists who are acknowledged about the rights of intellectual property to deal with issues in the modern world of plagiarism and stealth !

 

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