This article is authored by Saumya Singh, a 1st year student of LLm in Govt.LawCollege, Rewa (M.P). In this article, you will learn about the basic concept of intellectual property rights, and other related aspects regarding the IPR under[Business law].
Table of content:-
1 Introduction.2 Meaning of intellectual property.
3 Meaning of intellectual property rights.
4 Nature of intellectual property rights
1. Creation of human mind
2. Intangible property
3. Exclusive Rights
4. Right to sue
5. Duties
6. Limitation of Rights
5 Objective and scope of intellectual property rights.
6 Types of intellectual property rights:-
1. Copyright
2. Trademark
3. Patent
4. Geographical indications
5. Industrial design
6. Plant varieties
7 Advantage of intellectual property rights.
8 Disadvantages of intellectual property rights.
9 Law governed in India for intellectual property rights.
10 Theories of intellectual property rights.
11 Name of Treatise and international convention of intellectual property rights.
12 Conclusion
1. Introduction :-
Intellectual property refers to any basic creation of human mind or intelligence such as literary, artistic, technological or scientific creation. Intellectual property rights (IPR) refers to the legal rights given to an inventor or creator to protect their invention or creation of product against third party who use without him consent. These legal rights provide a special right to the inventor/creator to benefit his/her invention or creations for a limited period of time.
Simply we can say that's the rights related to ownership of intellectual property are know as intellectual property rights. And it's include trademarks, geographical indications, copyright , industrial design, trade secrets, patents , utility models, layout design of integrated circuits, and new varieties of plants & Farmer rights . So here It is plays an important role to make a welfare state by encouraging industrial growth and economic growth.
Now we will try to understand the entire concept of intellectual property rights ( IPR) in simple language.