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