Intellectual Property Right

Every person is unique in his or her thinking and capacities of

doing something. Everyone can do different things with great
expertise and so contribute something or else for society and
mankind. Everybody can be an intellectual engaging ownself in
critical thinking and solving problems pertaining to society and
may also propose solutions for them.

Intellectual property refers to creations of mind, for example,

inventions, literary and artistic works, designs and symbols,
quotes and images used for commercial purposes like
advertisements.

Intellectual property rights are the legal rights that cover the privileges
given to individuals who are the owners and inventors of a work, and
have created something with their intellectual creativity. Individuals
related to areas such as science and engineering, literature, music,
invention etc., can be granted such rights, which can then be used in
the business practices by them. They usually give the creator an
exclusive right over the use of his or her creation for a certain period
of time and also against any misuse or use of work without his or her
prior information.

The activities which are covered by the intellectual property

rights are laid down by the World Intellectual Property
Organization (WIPO) as :

 Industrial designs
 Scientific discoveries
 Protection against unfair competition
 Literary, artistic, and scientific works
 Inventions in all fields of human endeavor
 Performances of performing artists, phonograms, and
broadcasts
 Trademarks, service marks, commercial names, and
designations
 All other rights resulting from intellectual activity in the industrial,
scientific, literary, or artistic fields
Types of Intellectual Property Rights

 Copyright
 Patent
 Design
 Trade Secrets, etc.

Advantages of Intellectual Property Rights

Intellectual property rights are advantageous in the following ways −

 Provides exclusive rights to the creators or inventors

 Encourages individuals to distribute and share information and data instead of
keeping it confidential.
 Provides legal defense and offers the creators the incentive of their work.
 Helps in social and financial development.
Why promote and protect intellectual property
 the progress and well-being of humanity rest on its capacity to create and invent
new works in the areas of technology and culture.
 the legal protection of new creations encourages the commitment of additional
resources for further innovation.
 the promotion and protection of intellectual property spurs economic growth,
creates new jobs and industries, and enhances the quality and enjoyment of life.

Intellectual Property Rights around World and in India

An efficient and equitable intellectual property system can help all countries to
realize intellectual property’s potential as a catalyst for economic development and
social and cultural well-being. The intellectual property system helps strike a balance
between the interests of innovators and the public interest, providing an environment
in which creativity and invention can flourish, for the benefit of all.

To protect the intellectual property rights in the Indian territory, India has defined
the formation of constitutional, administrative and jurisdictive outline whether they
imply the copyright, patent, trademark, industrial designs, or any other parts of the
intellectual property rights. Back in the year 1999, the government passed an
important legislation based on international practices to safeguard the intellectual
property rights.

How does the average person benefit

Intellectual property rights reward creativity and human endeavor, which fuel the
progress of humankind. Some examples are

 The books, films, recording, publishing and software industries – which bring
pleasure to millions of people worldwide – would not exist without copyright
protection. The thirst for new ideas in literature, films would not exist thereby.
 Without the rewards provided by the patent system, researchers and inventors
would have little incentive to continue producing better and more efficient
products for consumers.
 Consumers would have no means to confidently buy products or services without
reliable, international trademark protection and enforcement mechanisms to
discourage counterfeiting and piracy
 Different ways to protect your Intellectual Property :

Various Educational and Research Institutes in India have

their IP policies and execution strategies for more innovative
ideas to implement.

A complete picture

So everyone has to rethink if there is any innovative ideas, a

small may be more than enough to start, take guidance from all
posible sources and work hard to make it fruitful.

If you have any proposition you ponder upon it and put it forth.