Intellectual Property Rights: Need for Legal Protection
What is Intellectual Property Rights?
Intellectual property rights are the rights given to each and every person for the creation of new things according to their minds. IPR usually gives the creator a complete right over the use of his or her creation for a certain period of time.
What are the components of IPR?
Components of IPR are as follows:
- Patent
- Copyright
- Trademark
- Industrial Designs
- Geographical indications
Why there is a need to protect IPR?
- Safeguarding Unique Ideas
- Creating barriers to copying or plagiarism
- Easing the Marketing Process
What is a Patent?
It is a right conferred upon the inventors of a certain device or entity. Patents are conferred only upon inventions and not upon the discovery of a phenomenon. Invention here refers to coming up with a device or an idea with your own mind, whereas discovery means simply getting to know and find out something that already exists in the universe.
What is a Trademark?
A Trademark is any word, name, and symbol, or a combination of words, names, and symbols that lets us identify the goods made by an individual, company, or organization and also differentiates such goods from those of other parties.
Intellectual Property Rights (IPR) : Need for Legal Protection
Intellectual property rights (IPR) are the legal rights provided to an individual for his or her creation. This is an exclusive right that is being provided to the creator for a certain period. The IPR applies to all kinds of exclusive creations, inventions, artistic works, logos or names used in commerce, etc. Article 27 of the Universal Declaration of Human Rights provides benefits to a creator, author, or inventor by safeguarding their artistic, literary, or scientific creation. The World Intellectual Property Organization (WIPO) first recognized the major importance of IPR during the Berne Convention for the Protection of Literary and Artistic Works (1886) and the Paris Convention for the Protection of Industrial Property (1883).
Geeky Takeaways:
- Copyrights protect the original work of authorship, like literacy, art, music, etc.
- Patents grant exclusive rights for new inventions, typically for a limited period.
- A trademark protects signs, logos, and symbols that are associated with goods or services.
- Design protection covers the visual aspect of a product.
Table of Content
- What are Intellectual Property Rights (IPR)?
- Need for Legal Protection of IPR
- Components of Intellectual Property Rights
- Conclusion
- Intellectual Property Rights: Need for Legal Protection- FAQs