This article gives a gist of Intellectual Property in India and also explains its meaning with Intellectual Property pdf.
Intellectual Property Meaning
Intellectual property (IP) refers to creations of the intellect for which a monopoly is assigned to designated owners by law. The intangible products of a man’s brain are as valuable as his land, building, goods, money, belongings etc. It is quite different from real property or a formal property. In fiction, it is a property. Therefore called as intellectual property. The rights relating to the intellectual property however recognized by law as the subject matter of rights of various intangible or immaterial products is human intelligence, skills and labor. In short intellectual property is basically a creation of intellect or relates to intellect. Intellectual property rights are legal rights which govern the use of creations of the human mind and work.
Intellectual property rights (IPRs) thus granted to the creators of IP, and include trademarks, copyright, patents, industrial design rights, and in some jurisdictions trade secrets. Artistic works including music and literature, as well as discoveries, inventions, words, phrases, symbols, and designs can all protected as intellectual property.
The stated objective of most intellectual property law (with the exception of trademarks) is to “Promote progress.”
By exchanging limited exclusive rights for disclosure of inventions and creative works, society and the patentee/copyright owner mutually benefit, and an incentive thus created for inventors and authors to create and disclose their work. Some commentators have noted that the objective of intellectual property legislators and those who support its implementation appears as “absolute protection”.
With the trade related Aspects of Intellectual Property Rights (TRIPS) Agreement of World Trade Organisation (WTO), the intellectual property rights attained the authority to enforce the law internationally.
Intellectual Property thus classify into three main categories and the Intellectual Property pdf are as follows:
- Trademark Act 1999
- Trademark amendments 2010
- Copyrights Amendment Act 2012
- Patents amendment Act 2002
- Patents amendment Act 2005