Lecture 2
Lecture 2
Introduction
Types of IPR
Objectives
Concluding Remarks
INTRODUCTION
Intellectual property specifies creations of
intellect which include innovations, inventions,
scholarly, literary, and creative efforts,
symbols, designs, logos, images, etc. that has
some economic, social, and cultural value
It is protected by regulations which facilitate
Intellectual
Property Rights
types of goods
OBJECTIVE OF GI PROTECTION
for 20 years
OBJECTIVES OF PATENTS
PROTECTION
To award incentives to innovators
by admitting the originality of the
invention/innovation and providing
the prospects for economic returns
To encourage innovation
LAYOUT-DESIGNS OF INTEGRATED
CIRCUITS
These are rights that protect semiconductor
integrated circuits designs and products
It includes transistors and other integrated
purpose
OBJECTIVES TO PROTECT LAYOUT-
DESIGNS OF INTEGRATED CIRCUITS
Itoffers protection to the innovator of
the semiconductor integrated circuit
layout designs
To commercially exploit the layout-
designs
TRADE SECRETS
Trade secret may be a formula, blueprint,
apparatus or collection of information
that is used in the industry, and which
confers a chance to obtain an
comparative advantage over competitors
It can be applied to protect valuable
‘know-how’ that grants business a
comparative and competitive advantage
over its rivals
TRADE SECRETS…
There must be a strong protection against
infringement and other fraudulent acts
opposed to fair commercial practices for trade
secrets and further undisclosed information
that bears economic value
Apart from it, rational steps must be taken to
keep the information undisclosed
Even, the data that has been submitted to the
governments for approval in case of medicines
or chemicals--- also need to be confined
TRADE SECRETS…
Some examples of trade secrets: soda
formulas, consumer lists, survey results, and
computer programs
The most cited trade secret is the Coca-Cola
formula, that is set aside protected in a bank
vault in Atlanta
The public has no access to the names of
those employees and they are not allowed to
fly on the same air plane.
OBJECTIVES OF TRADE SECRETS
PROTECTION
Protection is required to shelter the
secret know-how of a particular firm
that specializes in the manufacturing
or the production of specific goods
This will ensure fair industry practices
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