Intellectual Property
is creation of minds. It is a set of Intangibles owned and legally protected by
the creator of the innovative Ideas. To promote the Innovations, creativity and
its protection, numerous laws are enacted by Government to let the creators
secure exclusivity and ownership rights by registering their innovations and
unique ideas. Upon obtaining registration, the creator or owner enjoy exclusive
right to use, sell, assign their rights, and avail monetary benefit through it,
and also to protect the same.
The most used IPR are:
-Geographical
Indication
-Industrial Designs
namely
All these above
mentioned benefits motivates the creation of new ideas and innovations for the
betterment of the society as the new ideas leads to competition in market which
helps to improve the quality of goods and services. It also allows the owner of
IP to quantify their creation in monetary terms and convert their ideas into
business, which also leads to employment generation in the society.
Source: Quora
0 comments:
Đăng nhận xét