The dominant force in economic development [Video]

Intellectual property (IP) is the term that describes the ideas, inventions, technologies, artworks, music and literature, that are intangible when first created, but become valuable in tangible form as products. Intellectual properties are the creations of the mind: inventions, literary and artistic works, and the symbols, names, and designs used in commerce. The rationale for the establishment of a legal framework on IPRs is that it is a signal to society that creative and inventive ideas will be rewarded.

IP system is being integrated into the knowledge economy, and posing interesting challenges to industry, government policy-makers, scholars, and researchers in both developed and developing countries.

Character of IPR

Intellectual property rights as a collective term includes the following independent IP rights which can be collectively used for protecting different aspects of an inventive work for multiple protection: Patents, Copyrights, Trademarks Registered ( industrial) design, Protection of IC layout design, Geographical indications, and Protection …