Intellectual Property Rights are bifurcated into different components as mentioned below

Trademark

The classification of Trademark is vast and it can be any form of representation with respect to either word or symbol or catch phrase or deign or combination of things that distinguishes an entity in terms of goods or services or facilities that the entity is into.

Copyright

The Copyright Board takes care of the issues that are entangled with respect to Copyright as it is a very sensitive area and the Intellectual property rights are consistently being put to test as there prevails conflict of interest and in today’s world of internet the disputes conspicuous to the area of Copyright are rife. Application to copyrights are to be supported with the prescribed fees before the IPR office having the jurisdiction to assign the copyrights to the holder of the intellectual property.

Design

The design registration is an important aspect that needs to be undertaken for the entities that need to specifically register their design in terms of their goods, materials or specific things that has its distinctiveness and uniqueness. It comes under the category of Intellectual Property Rights.

Patent

Patent directly implies a form of innovation, uniqueness, distinctiveness and something that did not exist before and therefore patents are registered to exclusively identify the innovation with respect to doing something or bringing some form of change that has been discovered and brought into the world.

Geographical Indication

It is also one of the pillars of Intellectual Property Rights. Territorial importance being the significant aspect here and GI mark is allotted to that specific material that extensively belongs and has been seen to originate from the respective territory.

Trade secret

Trade secret falls under the structure of Intellectual Property Rights. Trade secrets can be nominated for registering as intellectual property.

Intellectual Property (IP) deals with any early creation of human intelligence such as the creation of art, writing, technology, or science. Intellectual Property Rights (IPR) means the legal rights granted to a founder or creator to protect his invention or creation for a period of time.

  • These legal rights give a special right to the founder / creator or assigned a function to fully utilize the invention / creation for a period of time. It is well established that IP plays a vital role in the modern economy. It was also confirmed that the intellectual work associated with the renaming should be given due importance so that the good of the community can come out of it. There has been a quantum exaggeration in the cost of research and development (R&D) with the jump associated with the investment needed to put new technologies into the market place.
  • The numbers of technology developers are very high, therefore, the need to protect information from illegal use is justified, at least for a period of time, which will ensure the acquisition of R&D and other related costs and sufficient profit on a continuous basis. Investment in R&D.
  • IPR is a powerful tool, which protects the investment, time, money, effort of the IP creator / creator, as it gives the developer / creator a special right of time to use his or her creator / creator. Thus IPR, in this way contributes to the development of the national economy by promoting healthy competition and promoting industrial development and economic growth. The current review provides a brief overview of IPR with specialized medical emphasis.