What Is Intellectual Property:
As man creates material wealth through his physical labor just like that using your brain. Intellectual property is any music, artwork, invention, invention, name, mark, symbol, design, trademark, patent, etc. made by any person or company.
Types Of Intellectual Property Rights:
- Copyright: This right includes books, paintings, sculptures, movies, music, computer programs, databases, advertisements, maps, and technical illustrations.
There are two types of copyright rights:
(a) Economic Rights: Under this, a person is given a financial reward in exchange for the use of his work by another person.
(b) Moral Rights: Under this, the non-economic interests of the author/creator are protected.
It is important to know “copyleft” when discussing copyright. Copyleft gives the copyright owner the freedom to copy, modify and redistribute the software or any other oddity in the software.
- Patent: When an invention is made. Then the exclusive right given to the inventor for the same is called a patent. Once a patent is granted, its duration is for 20 years from the date of registration of the patent.
The invention must not have become public anywhere in the world, the invention must not indicate progress in an already available product or process, and the invention must be capable of practical application, all of these criteria are required to be patented.
- Trademark: A mark by which the goods and services of one enterprise can be distinguished from the goods and services of another enterprise is called a trademark.
- Industrial Design: As per the Design Act, 2000 in India, ‘design’ means the shape, sequence, arrangement, form or ornamentation, the composition of lines or characters applied to an object which is either secondary or three dimensional be in either form or both.
- Geographical Indication: Geographical Indication refers to the mark used on the products. These products have a specific geographical place of origin and are found to have a distinctive quality only because of their association with that place of origin. Geographical Indication status is given to various agricultural products, food items, alcoholic beverages, handicrafts. Some examples of Geographical Indications are Tirupati Laddu, Kashmiri Kesar, Kashmiri Pashmina, etc.
Why Is Intellectual Property necessary?
The law provides for these intellectual property rights, that person or company has the same right or control over that property as a person has over physical property. Because just as a person does physical labor to earn material wealth or property. In the same way, he has to make an intellectual effort in creating or creating such intellectual property or property.
Therefore the hard work of his intellect should be valued, and the person should have complete right over that creation. If this work is used by any other person illegally for his own benefit, then it is a clear violation of the rights of the creator. Therefore, this right is considered necessary for the creation of the creator.
National Intellectual Property Rights Policy:
Through this rights policy, Intellectual Property is protected and promoted in India. Seven goals have been set under this policy:
- To create awareness among all sections of the society about the economic, social, and cultural benefits of Intellectual Property Rights.
- To promote the creation of Intellectual Property rights.
- Adoption of strong and effective Intellectual Property Rights regulations to strike a balance between Intellectual Property rights and public interest.
- To modernize and strengthen service-based IPR.
- Valuation of Intellectual Property Rights through Validation.
- Strengthening the enforcement and judicial system to combat Intellectual Property rights violations.
- Strengthening the teaching, training, research capabilities of HR institutions and building skills in Intellectual Property Rights.