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Intellectual Property Rights (IPR)-Meaning

November 9, 2016
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iprIntellectual Property (IP) is a very broad term related to ‘Intellect’ which means someone who uses his mind creatively. That means IP is a property of one who designs or creates that property using creativity of his own mind and Intellectual Property Rights (IPR) mentions his soul rights on that property, whose range can be varied from a short story to a rocket.

IP can be divided into two categories as “Industrial Property”, which includes inventions (patents), trademarks, industrial designs  geographical indications etc. and “Copyright”, which includes literary and artistic works such as novels, poems, plays, films, musical works, artistic works such as drawings, paintings, photographs, sculptures, architectural designs etc. All these items has to be protected from copying and duplicating by others, in order to maintain the identity of particular item and to prevent misallocation of profits or gains, whether it is money or any other aspects such as awards or honors,  achieved using uniqueness of the same item. Whatever the gain from the particularity of a product, it is whole belong to the original designer or architect.

Intellectual Property Rights (IPR) can be categorize into many groups such as Trademarks, Patents, Designs, copyrights, Geographical Indications, Trade Secrets etc. All these rights have to be protected in all means and in a systematic way. Discussions on the matter had started only on late 20th century, even though some references regarding copyright and patent can be traced on The British Statute of Anne 1710 and the Statute of Monopolies 1623. All the serious national and international discussions on the issue culminated in an international agreement named Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS) governing under World Trade Organization (WTO), which had formulized at the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1994. Later scope of TRIPS was further elaborated by Doha Declaration 2001 of WTO and TRIPS PLUS provisions. TRIPS clearly defines minimum standards a country must be taken in preparation of national laws regarding IPR and mentions provisions on enforcement, remedies & dispute resolution procedures.

Today all most all countries had recognized importance of the issue and had made different laws as per TRIPS, to fight against counterfeiters. General awareness and proper strategies on the side of general public and   corporate world is the requirement of hour. For understanding more details about IPR infringement investigations and litigation process, please contact on info@fatronz.com or visit www.fatronz.com

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