Intellectual property rights refer to the rights granted to people over the creativity of their minds. These rights are for a certain period and in a globalized economic scenario, it has become necessary for a country to protect the rights of its creators and inventors. Here are some common types of intellectual property rights.
Copyright is a legal term that protects literary and artistic works. It covers works ranging from books, paintings, music, movies and advertisements to computer software, databases, technical drawings and maps. In India, the Copyright Act of 1957 governs copyright laws. Copyright law aims to balance the interests of creators and the public in accessing content extensively.
A patent is an exclusive right granted to an inventor to invent it. It provides the owner with the right to decide how others use the invention. To receive a patent, the owner must disclose technical information about his invention to the public in the patent application. The Patents Act 1970 is the comprehensive patent legislation in India and the main objective of the law is to encourage innovation and new technologies.
Trademarks are signs that distinguish one company's goods and services from another. An indispensable tool of law in modern times, the Trademark Law deals with the registration mechanism, the assignment of rights, the nature of the violation, and penalties for infringement and the prevention of fraudulent trademarks. The Trademarks Act 1999 governs trademark laws in India.
Industrial design refers to the aesthetic or decorative aspect of an article and may consist of two or three dimensions. The TRIPS Agreement provides minimum standards for the protection of industrial designs, and in India, the New Designs Act 2000 governs industrial design laws. Design is one of the main factors that attract people to a product, and therefore it is necessary to enact design laws.
Geographical indications are signs of goods having a specific geographical origin. Generally, it includes the name of the place of origin of a specific product. As a member of the World Trade Organization (WTO), the India Geographical Indications Laws are governed by the 1999 Geographical Indications of Goods (Registration and Protection) Act.
There are many law firms in India providing services to protect the intellectual property rights of individuals and companies. These rights are an asset and their loss can lead to a huge cash loss. Hence, it is important to protect them and impose severe penalties on those who violate them.