Intellectual Property Rights in India signifies to the bundle of exclusionary rights which can be further categorized into the following topics:-
Copyright
Copyright laws protect artistic creations such as books, music, movies, paintings, software and photographs. You do not obtain the rights for ever, usually for 50 to 100 hundred years, after which point your work is said to enter the public domain.
Trademarks
A trademark is a sign, which is used to identify a service or product to consumers as originating from a unique source and to distinguish that product or service from other entities. Typically, a trademark is given to a name, phrase, word, logo, symbol, Image, design, or combination.
Patent
A patent is set of exclusive rights, which are provided by a state to an inventor in exchange for a disclosure of an invention. The patent provides the inventor the right to exclude others from using, making, or selling that invention. The right is for a limited time and usually lasts for 20 years after the filing date.
Industrial Design Rights
Industrial design rights are a set of intellectual property rights, which protect the visual design of objects. The creation of shape, configuration or composition of color or pattern, combination of pattern and color containing aesthetic value constitutes an industrial design. The industrial design rights last for fourteen years.
Trade Secret
A trade secret is a formula, instrument, design, practice, process, pattern or compilation of information which is not normally known or reasonably ascertainable. Additionally, a business should be able to obtain an economic advantage over competitors or customers by keeping this information private.
Business Query Form
Protection of Intellectual Property Rights in India
The protection of intellectual property rights in India continues to be strengthened. There is a well-established statutory, judicial and administrative framework to safeguard rights, whether they relate to patents, copyright, trademarks, or industrial designs. Well-known international intellectual property rights have been protected in India even when they were not registered in India.
In today's highly competitive business world, IPR brands play very crucial role and protection of IPR is significantly important for pharmaceuticals, biotechnology and other such industries that require risky investments in discovery and innovation. The projection of a product being based in its category now requires not just product positioning but also the positioning of the company manufacturing it. Corporate identity has, therefore, become very important. Similarly, innovations and ideas are required to be protected in order to avoid exploitation. IPR also enable one to keep ahead of competitors and in order to be used effectively, it is absolutely essential to understand the complex and legal principles of IPR and apply them in practice.
|
