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What are Intellectual Property Rights?

Intellectual property rights are the rights given to persons over creations of their minds. Creations are like of any inventions, literary and artistic works, designs, symbols, names and images used in trade and commerce in general.

 

Why IPR is essential?

  1. To promote innovation, research, creativity

  2. To provide incentive and encouragement for innovative creation

  3. Recognition of hard efforts and genuineness

  4. Protection to the innovation, research and creativity

  5. Global Competition

  6. An exclusive Monopoly and status symbol

  7. It can be easily gifted, sold, assigned, transferred or licensed to other persons.

What are the basic Requirements?

  1. Identify your creation like any Invention, designs, symbols, Logo, Word mark, any literary and artistic works.
  2. Basic KYC like PAN, Aadhar Card, Passport Size photo of an applicant.
  3. Business Registration Proof if any like GST, Shop Act License etc.
  4. Nature of business for which you are applying, i.e. Classification of your business.

Intellectual Property is divided into two categories

  1. Industrial Property contains patents for inventions, trademarks, geographical indications and industrial designs

  2. Copyright covers literary works such as novels, poems and plays, films, music, artistic works and architectural design.