INTELLECTUAL PROPERTY RIGHTS (IPR): AN OVERVIEW

Abstract

All tangible and intangible creations of human mind and intellect can be considered as the assets of humanity. These manifestations come under the category of Intellectual Property Rights (IPR). Research and scientific activities trigger the production of intellectual properties in many ways and impetus as a catalyst of the industrial and economic growth of the nation itself. These creations are being protected by law over a significant timeframe. The creation of wide assortment of products is legitimately ensured with the makers themselves. Additionally, it offers opportunity to share and distribute knowledge for the prosperity of the society. To maintain equilibrium, these rights are conceded for a specific period of time. Patents, copyright, trademarks, geographical indicators etc are altogether coming under the umbrella term IPR. In order to get privilege over the innovations, it ought to be filed for granting rights as per the laws exist in the country. The presents study enquires the different categories of intellectual properties and the duration up to which the inventions will be legally secured once registered.