A Brief Overview Of Intellectual Property Rights With A Focus On Patents
By Dr. Christabell Joseph, Christ (Deemed to be) University.*
Intellectual property (IP) refers to any original work of the human mind, such as an artistic, literary, technological, or scientific production. Intellectual property rights (IPR) are the legal rights granted to the inventor or creator to safeguard his or her invention or production for a set length of time (Singh, 2004). Intellectual property is a wide notion that encompasses a variety of legally recognised rights that arise from some form of intellectual activity or that are somehow tied to ideas (Kinsella, 2001). The phrase intellectual property refers to the concept that the subject matter is the product of the mind or intellect, and that Intellectual Property rights may be legally protected in the same way as any other type of property. Because intellectual property laws differ from country to jurisdiction, acquiring, registering, or enforcing IP rights must be pursued or obtained independently in each region of interest. Intellectual property rights (IPR) have grown increasingly vital in the face of a changing trade environment marked by global competitiveness, high innovation risks, and a short product cycle. Intellectual property advances research and technology, the arts and culture, traditional knowledge, and biodiversity resources. The goal of this paper is to describe the principles of intellectual property rights and their significance in society.
Keywords: Intellectual property, Inventor and High innovation risks
* The author is an Associate Professor at Christ (Deemed to be) University.