Name: Muskan Pandey Roll No: 40 Group No: 03
Intellectual Property Rights (IPR) are legal protections granted to inventors and
creators for their original works. These rights allow them to control and benefit
from their creations.
Types of IPR:
• Patents: Protect inventions and processes.
Example: A pharmaceutical company patents a new drug for treating a
disease. The patent gives the company exclusive rights to manufacture,
sell, and use the drug for a specified period.
• Copyright: Protect literary, artistic, and musical works.
Example: An author writes a novel. The copyright protects the original
expression of the ideas in the novel, preventing others from copying,
distributing, or performing the work without permission.
• Trademarks: Protect brands, logos, and symbols.
Example: A company registers a distinctive logo for its products. The
trademark protects the logo from being used by others in a way that
could confuse consumers.
• Trade Secrets: Protect confidential information that gives a business a
competitive advantage.
Example: A soft drink company develops a secret recipe for its soda. The
recipe is considered a trade secret, and the company takes steps to
protect it from being disclosed to competitors.
• Industrial Designs: Protect the ornamental appearance of products.
Example: A designer creates a unique shape for a chair. The industrial
design rights protect the ornamental appearance of the chair, preventing
others from copying it.
• Geographical Indications: Protect products that originate from a specific
region and have unique qualities due to their geographical origin.
Example: Champagne is a geographical indication, meaning only
sparkling wine from the Champagne region in France can be labeled as
such.
Key Concepts:
• Originality: The work must be original and not a mere copy of existing
work.
• Creativity: There must be a degree of creative thought or skill involved in
the creation.
• Tangible form: The work must be expressed in a tangible form, such as a
document, recording, or physical object.
Importance of IPR:
• Incentivizes innovation: IPR encourages individuals and businesses to
invest in research and development.
• Protects investments: IPR helps creators and inventors recoup their
investments and earn a return on their work.
• Promotes economic growth: IPR can contribute to economic growth by
fostering innovation and entrepreneurship.
• Encourages trade: IPR can facilitate international trade by providing a
framework for protecting intellectual property assets.
How to Protect Your IPR:
• Patents: File a patent application with the relevant patent office.
• Copyright: Copyright protection is generally automatic, but registration
can provide additional benefits.
• Trademarks: Register your trademark with the appropriate trademark
office.
• Trade Secrets: Maintain confidentiality and implement measures to
protect your trade secrets.
• Geographical Indications: Seek protection through international
agreements or domestic legislation.
