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Raguraman.R 10MBAB44
Intellectual Property or IP is the term that describes the ideas, inventions, technologies, artwork, music, literature that are intangible when created but become valuable in tangible form as products. - World Intellectual Property Organization Forms of IP Patents, Trademarks, Copyrights, Other evolving forms
Historical Context
The concept of Intellectual Property or IP is not new The Venetian Law of 1474 is considered the first systematic IP law Patent / IP Laws - England: 1624; France:1791; USA: 1788; Germany: 1877 Japan: 1888; India: 1888
Cont.,
Cont.,
1st Major International Effort: The Paris Convention, 1883 for the protection of IP in other countries; covered patents, trademarks & industrial designs. 2nd Major International Effort: The Berne Convention, 1886 for the protection of Copyright of literary & artistic works in other countries; covered copyrights. 3rd Major International Effort: Formation of the World Intellectual Property Organization or WIPO, 1967 covers patents, copyrights, trademarksothers 4th Major International Effort: Trade Related Aspects of Intellectual Property Rights or TRIPS of WTO, 1996 covers new types of IP
The Patents Act, 1970 Product Patent Patent Term of 20 years Public Health Safeguard The Trade Marks Act, 1999 Service Marks and Collective Marks Term increased from 7 years to 10 years The Designs Act, 2000 The GI Act, 1999
Why is it needed ?
Intellectual Property is an important National, Institutional & Corporate Asset. In 2000 a Price Waterhouse estimate indicated roughly 78% of S&P 500 Value was in Intellectual Assets, going forward the importance of Intellectual Assets will increase vis--vis Physical Assets.
INTELLECTUAL PROPERTY
INDUSTRIAL PROPERTY
COPY RIGHT
Geographical Indications
PATENT A Patent is a set of exclusive rights granted by a state( or national ) government to an inventor or their assignee for a limited period of time in exchange for a public disclosure of an invention
COPYRIGHT OFFICE
REGISTAR OF COPYRIGHT
GRANT OF A PATENT
COPYRIGHTS The rights of authors of literary and artistic works (such as books and other writings, musical compositions, paintings, sculpture, computer programs and films) are protected by copyright, for a minimum period of 50 years after the death of the author.
TRADE MARKS
. A trademark is typically a name, word, phrase, logo, symbol, design, image, or a combination of these elements.
The owner of a registered trademark may commence legal proceedings for trademark infringement to prevent unauthorized use of that trademark
TRADE SECRETS
A trade secret is a formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers Examples of well known trade secrets include the formula for Coca-cola and Colonel Sanders recipe for fried chicken. But a secret doesn't have to be famous to be a trade secret - many valuable trade secrets remain secret because the general public is not aware that the information exists.
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