Intellectual Property Rights

Abstract

In this current rapidly evolving technological era, the fear and threat of theft, fraud and infringement looms large in the virtual Diasporas. The creativity of an inventor/creator is dependent on the originality quotient of his or her work. Greater the uniqueness greater is the value of the work. Hence, the need of protection arises. Intellectual Property Rights are the particular ‘protection’ that is provided by the law to all the inventors and creators for their work. These rights are of various types that specifically protect different categories of creative expressions ad inventions. Enhanced discussion has been done in the current work to trace the history, mechanisms, impact and loopholes in the existing system of law with respect to IPR. It tries to understand the need of developing such a system and also how the laws have evolved to cater efficiently to the public. Major departments and organisations have been mentioned herethat govern the entire system. Loopholes exist in this system of law but it helps to maintain the dignity and respect of each person working to put forward ideas that can help shape the future.