INTELLECTUAL PROPERTY RIGHTS easy way to understand.pptx

Intellectual property rights

1. INTELLECTUAL PROPERTY RIGHTS We have a duty as the state to protect our economy... We are for the protection of intellectual property.

2. UNIT - 1

3. What is property ? Property something that is owned or possessed by an individual or a business or an organization and can be tangible or intangible in nature. Types of property Tangible property Intangible property

4. INTRODUCTION TO INTELLECTUAL PROPERTY Intellectual property (IP) refers to creations of the mind for which exclusive rights are recognized under the law. These creations can include inventions, literary and artistic works, designs, symbols, names, and images used in commerce. Intellectual property law aims to protect these creations and ensure that creators can control and benefit from their work.

5. EVALUTION OF IPR IN INDIA 1958 Patents Act: After independence, India introduced the Patents Act of 1958, which provided for a more structured system of patents. This act was amended several times, including in 1970, which marked a significant overhaul. 1970 Patents Act: This amendment was pivotal as it introduced the concept of compulsory licensing and emphasized the promotion of indigenous technology development. It allowed for the grant of compulsory licenses in cases of non-working or public need. Copyright Act, 1957: This act was enacted to provide protection to literary, musical, and artistic works. It has been amended several times to adapt to changing technology and international standards.

6. WTO and TRIPS Agreement 1995 : India became a member of the World Trade Organization (WTO) and agreed to comply with the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement. This required India to align its IP laws with international standards, leading to significant reforms in IP legislation.

7. Advantages of IPR Encourages Innovation and Creativity : Incentive for Investment : IPR provides financial incentives for inventors, artists, and businesses to invest time and resources into developing new products, technologies, and creative works. Fosters Competition : By protecting innovations and creations, IPR encourages competition and drives further advancements in technology and creativity. Economic Benefits : Revenue Generation : IP rights can lead to significant revenue through licensing, royalties, and commercialization of IP assets. Job Creation : The IP sector can create jobs in areas such as R&D, legal services, and creative industries.

8. Market Differentiation: Brand Protection: Trademarks and design rights help businesses differentiate their products and services from competitors, enhancing brand identity and customer loyalty. Exclusive Rights: Patents and copyrights provide exclusivity in the market, allowing rights holders to control the use and distribution of their creations. Legal Protection: Prevents Unauthorized Use: IPR protects against unauthorized use or infringement, helping to safeguard the original creator's work and investments. Legal Recourse: Rights holders have the ability to pursue legal action to enforce their rights and seek remedies for infringement.

9. 1. Patents Purpose : To protect new inventions or discoveries. Rights Granted : Exclusive rights to make, use, sell, and license the invention. This protection typically lasts for 20 years from the filing date. Types : Utility Patents : Cover new and useful processes, machines, manufactures, or compositions of matter. Design Patents : Protect new, original, and ornamental designs for an article of manufacture. Plant Patents : Protect new and distinct plant varieties that have been asexually reproduced. Example : A patent for a new type of engine or a new drug formulation.

10. UTILITY PATENTS Machines (something composed of moving parts, such as engines or computers) Articles of manufacture (brooms, candleholders, etc.) Processes (business processes, software, etc.) Compositions of matter (pharmaceuticals)  DESIGN PATENTS The Apple iPhone Design The Coca-Cola Bottle The Shape of a Hershey's Kiss PLANT PATENTS The Honeycrisp Apple The Knock Out Rose The 'Prunus Persica' (Peach Tree) Variety