IPR
(Intellectual Property Rights) TOOLS AND PROTECTION OF IP (Intellectual
Property).
Gowthami Reddy D. - Advocate - IPR & Commercial Laws, Partner, Pentallect Partners
Creativity
& Inventions are vital; they spur economic growth, create new jobs;
Industries and enhance the quality & enjoyment of life.
The
progress and wellbeing of humanity depends on our capacity to come up with new
ideas and creations and advancement in science and technology.
Inventors,
Artists, Scientists, Entrepreneurs, Business Etc., invest a lot of energy, thought,
skill and labour in developing their innovations & creations.
Why
does a person invest in a property?
People
invest in property or intellectual property obviously for returns. Since the
above mentioned intellectual property creators have invested time and energy;
they too need returns from their investments. Therefore, have to protect their
intellectual property and acquire ownership over the same to yield returns from
the same.
The next step after creating an intellectual
property is to acquire ownership over one’s intellectual property.
IPR TOOLS:
There
are different intellectual property rights (IPR) or IPR tools that enable an
owner of an IP to protect one’s IP and acquire ownership over the same.
The following are IPR tools that are used for
protecting IP:-
PATENTS
–
protects inventions.
TRADEMARKS
– Protects Commercial signs used in trade/ names of businesses.
INDUSTRIAL
DESIGNS – Protects aesthetic aspects of the industrial
product.
COPYRIGHTS
– Protects literary works, dramatic works, musical works, artistic works, sound
recordings and cinematograph film.
GEOGRAPHICAL
INDICATIONS - A geographical indication (GI) is a sign used on
products that have a specific geographical origin and possess qualities or a
reputation that are due to that origin.
SEMICONDUCTOR
INTEGRATED CIRCUITS LAYOUT DESIGN -
"SEMICONDUCTOR INTEGRATED CIRCUIT" means
a product having transistors or other circuitry elements, which are inseparably
formed on a semiconductor material or an insulating material or inside the
semiconductor material and designed to perform an electronic circuitry
function.
"LAYOUT-DESIGN" means a layout of transistors and
other circuitry elements and includes lead wires connecting such elements and
expressed in any manner in a semiconductor integrated circuit.
PROTECTION
OF PLANT VARIETY AND FARMERS RIGHTS –
PLANT
VARIETY PROTECTION, also called a “plant breeder's right,”
is a form of intellectual property right granted to the breeder of a new plant
variety in relation to certain acts concerning the exploitation of the
protected variety which require the prior authorization of the breeder.
PLANT
VARIETY - A plant variety represents a more precisely
defined group of plants, selected from within a species, with a common set of
characteristics.
In my coming post’s we shall discuss further on
the IPR tools and their exploitation.
