Intellectual Property Right
Intellectual Property Right
Intellectual Property Rights (IPRs) are legal rights that protect creations and/or
inventions resulting from intellectual activity in the industrial, scientific, literary or artistic
fields. The most common IPRs include patents, copyrights, marks and trade secrets ,
geographical indications and so on .
As per world trade organization , Intellectual property rights are the rights given to
persons over the creations of their minds. They usually give the creator an exclusive
right over the use of his/her creation for a certain period of time.
1 – PATENT :-
Patent is an intellectual property right, to make, use or sell an invention for a limited
period of 20 years. A Patent is granted to an entity on disclosing a technical invention,
which may be a product (system/apparatus/device) or process (method/
manufacturing) or both, which is novel or new and demonstrate inventive step or
technological advancement over the existing technologies . It is of two types :-
● Product Patents: Right to prevent third parties, from making, using, offering for
sale or selling patented products in India. Also, the Patentee can thwart the third
parties from importing the patented product without permission in India;
● Process Patents: Right to prevent third parties, from using the patented process,
offering for sale or selling the product obtained by the patented process in India.
Also, rights can be enforced against third parties involved in importing the
product in India obtained from the patented process, for using, offering for sale
or selling
2 – COPYRIGHT :-
Copyright (or author’s right) is a legal term used to describe the rights that creators have
over their literary and artistic works. Works covered by copyright range from books,
music, paintings, sculpture, and films, to computer programs, databases,
advertisements, maps, and technical drawings.
The general rule is that copyright lasts for 60 years. In the case of original literary,
dramatic, musical and artistic works the 60-year period is counted from the year
following the death of the author.
3 – INDUSTRIAL DESIGN :-
In a legal sense, an industrial design constitutes the ornamental aspect of an article.An
industrial design may consist of three dimensional features, such as the shape of an
article, or two dimensional features, such as patterns, lines or color.
Some of the most famous examples are Coca Cola’s contour bottle, the contours of the
iPhone/iPad/iPod, and the shape of the Volkswagen Beetle and the Mini Cooper.
4 – TRADE SECRETS :-
Trade secrets are intellectual property (IP) rights on confidential information which may
be sold or licensed.
5 – TRADE MARK :-
a symbol, word, or words legally registered or established by use as representing a
company or product. Example of trademark can be commercial logo of McDonald’s .
6 – GEOGRAPHICAL INDICATION :-
As per TRIPS agreement of world bank , "geographical indications" as indications that
identify a good as "originating in the territory of a Member, or a region or locality in that
territory, where a given quality, reputation or other characteristic of the good is
essentially attributable to its geographic origin . Few examples of GI in India are as
follow :-
1 – Kolkata rasogolla
3 – darjeeling tea .
Importance of IPR :-
1 – Intellectual property rights are declared as human right under united nation
declaration ( 1948 ).
2 – Such rights protect human efforts of their own invention or any other work in their
commercial utilization .
3 – Culture of IPR encourage players of market towards new technological
developments , innovative works and so on .
4 – Indirectly IPR policy helps towards maintaining transparency in market , encourage
foreign investors ultimately promote competitiveness in market .
International initiatives:-
Way forward :-
IPR is like an asset for an entrepreneur because an intellectual property consume lot of
time , financial resource and human skill that is why it is essential to strengthen IPR
regime in economy which shall have multi dimensional influence over future prospect of
economic development .