Intellectual property rights refers to creations of the mind: inventions; literary and artistic works; and symbols, names, and photos etc. used in commerce.

Intellectual Property Rights is similar to other property rights, it enables the Creators or Owners, of trademarks, patents or copyrighted works to have benefit from their own speculation in a creation. These rights are outlined in Article 27 of the Universal Declaration of Human Rights which states that everyone has the right to the protection of the moral and material interests resulting from any literary, scientific or artistic production of which he is the author.

They are of various types. Some of them are as follows:

  • Copyright

Copyright may be explained as a legal term that describes the rights that creators have over their literary and creative works. Works coated by copyright vary from books, music, paintings, sculpture, and films, to computer programs, databases, advertisements, maps, and technical drawings. Copyright protection extends solely to expressions, and to not concepts, procedures, strategies of operation or mathematical ideas per se. Copyright might or might not be accessible for variety of objects like titles, slogans, or logos, reckoning on whether or not they contain spare authorship.

  • Patent

A patent is a privilege granted for an invention, that could be a product or a method that gives, in general, a replacement manner of doing one thing, or offers to urge a patent, technical information regarding the invention that should be disclosed to the general public during a application. The patent owner has the privilege to forestall or stop others from commercially exploiting the proprietary invention. In other words, patent protection implies that the invention can’t be commercially created, used, imported, sold or distributed by others without the patent owner’s consent

  • Trademark

A trademark is a sign or symbol that is capable of distinguishing the goods or services of one enterprise from those of other enterprises. A word or a mix of words, letters, and numerals will perfectly represent a trademark. However trademarks may include drawings, symbols, three-dimensional figures like the structure and packaging of products, non-visible signs like sounds or fragrances, or color shades used as distinctive features – the probabilities are nearly limitless.

  • Geographical Indication

A geographical indication (GI) is a sign used on products that have a particular geographical origin and possess qualities or a name that are because of that origin. So as to perform as a GI, an indication should determine a product as originating in an exceedingly given place. Additionally, the qualities, characteristics or name of the product ought to be primarily because of the place of origin. Since the qualities rely on the geographical place of production, there’s a transparent link between the product and its original place of production.

  • Trade Secret

These are the rights of confidential information which may be sold or licensed. The unauthorized acquisition, use or revelation of such secret information in an exceeding manner contrary to honest commercial practices by others is considered an unfair practice and a violation of the secret protection. Any confidential business information that provides an enterprise a competitive edge and is unknown to others is protected as a secret. Trade secrets comprehend each technical information, like information regarding producing processes, pharmaceutical take a look at information, styles and drawings of computer programs, and business information, like distribution strategies, list of suppliers and purchasers, and advertising methods.

– Aakansh Prakash