Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. IP is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest, the IP system aims to foster an environment in which creativity and innovation can flourish.
Types Of Intellectual PropertyCopyright 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.
A trademark is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. Trademarks date back to ancient times when craftsmen used to put their signature or “mark†on their products.
A patent is an exclusive right granted for an invention. Generally speaking, a patent provides the patent owner with the right to decide how – or whether – the invention can be used by others. In exchange for this right, the patent owner makes technical information about the invention publicly available in the published patent document.
Intellectual property right are the given to persons over the creation of their minds. They usually given the creator an exclusive right over the use of his/her creation for a creation period of time intellectual property right are
Intellectual property right deal with the rules for securing and enforcing legal right to inventions designs and artistic work etc. Just like law protects ownership of personal property and real state ,so too toes it protect the exclusive control of intangible asset .the purpose of these law is to give an incentive for people to develop creative work that benefits society ,by ensuring they can profit from their works without fear of mis appro privation by other and this intellectual property is the product of the human intellect including creativity concept ,inventions ,industrial ,model, trademark, ,song, literature,symbols ,names , brands etc.
Intellectual property right do not differ from other property right. They Allow their owner to completely benefit from his/her product which was initially an idea that developed and crystallized. The recognition and protection of the these right of the recent origin. Patents, designs, and trademark are considered as industrial property. As pr international convention for the protection of industrial paris convention the protection of industrial property has as its object patents,utility models, industrial designs,trademarks ,service makes ,trade name,indications of source or appellation or origin and the repression of unfair competition when copy rights ,geographical indicators ,layout designs and confidential information were included to industrial property ,they all become intellectual property.
According to trade related Aspects intellectual property right (TRIPS) the Intellectual property right are:-
(1.) Copy right and related Rights are:-
Copy right does not protect ideas. Instead, it only covers “tangible†forms of creation and original work for example, art, music architectural drawings or even software code,the copy right owner has the exclusive right to sell, publish and/or reproduce literary musical, dramatic,or architecturalwork created by the autor.
(a) Rights of artists, painters, musicians, sculptors, photographer, and authors for copyright in their work.
(b) Rights are computer programmes whether in source or object code for a copyright in their programmes and compilation data.
(c) Right performers producers of phonograms and broad casting organisations in respect of fixation on their programmes for copyright in their work.
(2.) Trade Secret:-
Tread secret are the secrets of a business. They are proprietary Systems formulas, strategies, or other confidential information and not meant for unauthorized commercial use by other. This is a critical form of protection that can help business gain competitive advantage.
(3.) Patent:-
A patent is the used to prevent an invention form being created, sold or used by another party without permission patent are the most common type of intellectual property right. A patent owner has every right to commercialize his/her its patent, including buying and selling the patent or granting a license to the invention to any technology artwork and inventions that might increase the incentives for individuals to continue to produce things that further creats job. Patent and new technologies while enabling our world to improve and evolve even faster.
(4.) Trade Mark:-
Trademark is anything which identities the origin of the goods or services. it can be a name, symbol logo, colour, sound, etc. Trademark symbolizes the value or good will associated with the goods and its specific source. It distinguishes one firm from others. Benefits of trademark are several fold. It helps consumer to identity product with desirable attributes quickly. It encourages firm to improve quality of their product, In absence of any identification mark, it would be difficult to distinguish the duplicates from high quality product. This will lower the incentive of the firm to make high of inferior products. Trademark protection gives a “monopoly power†over the distinctive trademark in the sense that other are debarred from using the same.
Quick Enquiry