Abstract

A REVIEW ON INTELLECTUAL PROPERTY RIGHTS WITH AN EMPHASIS ON PATENTS, COPYRIGHTS AND TRADE MARKS

K.P.S. Praneetha*, M. Ananthalakshmi, K.S.C. Durga, G. Sravali and C. Lakshmi Prasanna

Abstract

Intellectual property or Intellectual Property Right have been expounded as inventions, creative expressions based on public willingness to vouchsafe on status of the property and it is also referred as a legal protection to certain inventions or creations of the mind. There are several types of IPR’s such as Patents, Copyrights, Trademarks, Trade Secrets, Geographical Indications, Industrial Designs, Plant Varieties etc. IPR provides certain exclusive rights on particular property of the inventor in order to procure benefits from their efforts. Patent is a proprietary right granted in recognition of an invention, which is novel and satisfies the non-obviousness and industrial application. Patent also protects the commercial inventions such as new product or process. Patents are accompanied by diagrammatic representation through chemical structures, drawings of electrical, mechanical and also by textual descriptions. IPR is prerequisite for the identification, planning, rendering, commercialization and protection of creativity or an invention. The role of IPR’s is to provide incentives to discover develop and market new drugs. In this review article we are providing the information about IPR with a special note on Patents, Copy rights and Trademarks.

Keywords: IPR’s, Patents, Copy Rights, Trade Marks.