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INTELLECTUAL
PROPERTY RIGHTS
WHAT IS INTELLECTUAL PROPERTY(IP)?
• IP as a term describes the ideas, inventions, artworks, music and
literature that are basically intangible in creation.
• IP is the commercial application of imaginative thought to
solving a technical or artistic challenge.
• Intellectual Property Rights (IPRs) are legal rights that aim to
protect the creations of the human intellect.
• IPRs encourage innovation by granting exclusive rights to the
creators or inventors of new ideas, inventions, literary and
artistic works; designs; symbols, names, and images used in
commerce
PATENT
• Exclusive rights given to
person over the creation
of their minds for certain
GEOGRAPHICAL
periods of time
INDUCTION TRADEMARKS • Legal right
• Intangible potential asset
• Monopoly
• Negative rights i.e., It
prevents others to use
INDUSTRIAL COPYRIGHTS his/her creation for a
definite time
VARIOUS KINDS OF IPRS
• Patents:
Inventions (Products, Processes, Materials,
Compositions)
oTechnical Solution to a Technical problem
• Industrial Designs: External features appealing to the eye
oNew Shape, Pattern or Configurations
• TradeMarks: A visual symbol such as a Word, Name,
Logo, Label, Monogram, Slogan etc.
oApplied on Article of Manufacture or Service
oIndicates the origin of goods and services
• Copyrights: Artistic, literary, musical and dramatic creations
o Proprietary right
o Comes into existence as soon as the work is created
• Geographical Indications: Identifies agricultural, natural or
manufactured goods originating from a definite territory in
India
• Possessing special quality or reputation based upon unique
characteristics of the geographical location
VALIDITY OF IPR
SR NO. IPR Maximum Renewal Act/Rule
Protection
1 Patent 20 YEARS Every year The Patents Act,1970
( Mandatory ) Amended in 2005
2 Trade Mark LIFE LONG After 10yr The Trade Marks Act, 1999
Amended in 2010