Creativity is
protected through intellectual property rights and its creator can reap the
benefit of their creations. The patent, copyright, trademark, are some of the
major intellectual property rights in India. Patent right is given to the
creator of any new product or process that can be used for industrial use and
has features of novelty and non obviousness. The product or process must be
advance compare to the existing knowledge. The usefulness of the product or
invention can benefit anyone but the monetary benefit of the inversion will go
to the creator. This act ensures that incentive remains there for the people to
do creative things in various spheres of the life.
Trade mark can
be a name, label, brand or logo, heading, sign, letter or image or any things,
which defines a company or organization. It can also be combination of colors,
pattern or designs shapes or goods etc. The trade mark distinguishes a company
from its competitors and business rivals. Any trade mark can become famous or icon
in the market. The other companies or anyone establishing a business cannot use
the trade mark, which is already in the market. This trade mark intellectual
property right prohibits others from using the existing trade mark.
Any design Real Estate Lawyers
in Delhi also comes under Intellectual property rights. It
refers to any features of shape, composition of lines or colors. Motifs, designed
on any article or product. This design can be in two dimensional forms and
three dimensional forms. This IP ensures that the uniqueness of any product is
kept the not allowing others to copy the same design.
Geographical
indicators in intellectual property rights refers to any good, natural or manmade or agriculture
produced in any locality or geography and some features that are given to such products associated
with the region. The other products cannot be given the same name. For example,
the sari from Banaras, are given the banarasi sari name, this name cannot be
given to any sari made in other regions,
Plant variety
production also comes in the intellectual property right list. This right
protects the farmer to Intellectual property
firms in Delhi grow new varieties of plants and seeds. This right gives encouragement to the
development of new plants and increases the production.
Semiconductor
integrated circuit design layout is also given protection under intellectual
property right in India. This right gives protection in field of semiconductors.
All these
rights encourage the growth of technology and industry. The innovators are
creating new things for monetary gains and taking or creating new markets.
Without these rights, the basic encouragement will be lost since everyone can
share the financial gain from hard work of someone else. It must be noted that
the benefit of any innovation is shared by the masses, but the money from sales
goes to the creator only .A strong intellectual property regime is essential to
attract foreign companies with new technology and management skills.
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