Intellectual property rights are the legal rights that cover the privileges granted to those who are the owners and inventors of a work, who through their intellectual creativity have created something. Such rights can be given to individuals connected to fields such as literature , music, invention, etc., which can then be used by them in corporate practices.
Without his / her prior knowledge, the creator / inventor obtains exclusive rights against any misuse or use of work. However, to preserve equilibrium, rights are given for a limited period of time.
The World Intellectual Property Organization (WIPO) has laid down the following list of activities protected by intellectual property rights -
It is possible to further classify intellectual property rights into the following categories :
Intellectual property rights are useful in the following respects :
India has defined the establishment of a constitutional , administrative and legal outline in order to protect intellectual property rights in the Indian territory, whether they include copyright, patents, trademarks , industrial designs or some other part of intellectual property rights.
Back in 1999, in order to protect intellectual property rights, the government passed an important law focused on international practices. Let us get a glimpse of the same thing.
A variety of threats are faced by any new innovation in the field of technology. One such challenge is the Internet, which has taken the physical marketplace and made it a virtual marketplace.
It is necessary to establish an efficient property management and protection mechanism in order to safeguard the business interest, taking into account the considerable amount of business and commerce taking place in the cyber space.
Today, creating an efficient and collaborative IP management mechanism and protection strategy is essential for any enterprise. In the cybernetic world, the ever-looming threats can thus be monitored and confined.
The lawmakers have designed various approaches and legislation to up the ante in providing a secure configuration against such cyber threats. However, by taking proactive measures, it is the responsibility of the intellectual property right (IPR) owner to invalidate and reduce certain mala fide actions by criminals.