What is Intellectual Property? :
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.
What are Intellectual Property Rights (IPR)?
Intellectual Property Rights do not differ from other property rights. They allow their owner to completely benefit from his/her product which was initially an idea that developed and crystallized. They also entitle him/her to prevent others from using, dealing or tampering with his/her product without prior permission from him/her. He/she can in fact legally sue them and force them to stop and compensate for any damages.
Why is IPR important?
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.
Different Types Of Intellectual Properties Right:
Following are various types of IPR.
It secures a tangible form of expressions like music, painting or a book, it does not shield the idea, but how the idea is expressed. Copyright registration is one of the most widely used IP right granted to the authors for their original creative work including both published and unpublished work.
A patent is used for preventing unique creation from being used, sold, by another party for a set time period. In short, a sovereign authority grants the IP right to the inventor after evaluating its feasibility.
It includes the name and identifying logo or design that a company or individual uses to differentiate itself from his rivals. This unique design or symbol makes it easy for a customer to easily identify with products and services and connect with the brand value of the business.
An industrial design constitutes the ornamental or aesthetic aspect of an article. A design may consist of three-dimensional features, such as the shape or surface of an article, or of two-dimensional features, such as patterns, lines or color
Key Advantages Of Securing The Intellectual Property Rights:
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