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Development Team: Role Name Affiliation
Development Team: Role Name Affiliation
Intellectual Property
Introduction to Intellectual Property: A
Conceptual Primer
Development Team
Role Name Affiliation
Module Id Law/IP/#01
Pre- requisites NA
1. Introduction:
Intellectual Property (IP) has emerged as an important discipline in the study of
economic laws. There are several theories underlying the relevance of IP law in
modern industrial societies driven by private investments in innovation and
entrepreneurship. However, one unifying factor is that IP protects and
encourages differentiation. Differentiation allows markets to solve new
problems or old problems in a new way. The legal protection of IP is rooted in
the philosophy to property rights as one of most efficient instrument (having
partial basis in natural law or statute-based) in production and consumption of
goods and services. Intellectual property is essentially driven by rights and
remedies based system that aligns with traditional notions of property to a large
extent, but has turned into a malleable tool which is influenced by nature of
technology, temporality, territoriality, and most importantly, public policy. While
there is no single definition of IP, the World Intellectual Property Organisation
constructs it as “the legal rights which result from intellectual activity in the
industrial, scientific, literary and artistic fields.”1
1
http://www.wipo.int/export/sites/www/about-ip/en/iprm/pdf/ch1.pdf
2
rights resulting from intellectual activity in the industrial, scientific, literary or
artistic fields.”2
Historically, intellectual property was not a term that was widely in currency. IP
as we now understand was divided into industrial property and copyright.
Industrial property was understood (as per Paris Convention) to include patents,
industrial designs trademarks, service marks, commercial names and
designations, including indications of source and appellations of origin, and
protection against unfair competition. Copyright largely includes literary and
artistic work.
Intellectual property is recently coined. Prof. Mark Lemley noted that
widespread use of the term “intellectual property” is a fad that followed the
1967 founding of the World “Intellectual Property” Organization (WIPO), and
became much more common in recent years.
Learning Outcome:
To provide an overview of the concept of intellectual property protection
To understand the nature of IP rights
To provide an overview of the course
2
http://www.wipo.int/treaties/en/text.jsp?file_id=283854
3
http://www.wipo.int/export/sites/www/about-ip/en/iprm/pdf/ch1.pdf
3
2. Property and Intellectual Property and differences
Property sanctifies ownership and possession as its essential attributes by
allowing the right to exclude and right to alienate as the primary and secondary
core among the bundle of rights. Property rights provide the right of exclusion in
rem. They operate against the world.
4
Point to Remember
5
Self-check Exercises
6