A product of brain-storming that has commercial value,which includes copyrighted property such as artistic or literary works, and mindidea property, such as patents, trade secrets,design, business methods, trademarks, maintenance of the rights or simply ideas. A broad categorical description for the set of intangibles owned and legally protected by a company from outside use or implementation without permission. Intellectual property relates to the fact that products of human intellect should be given the same protective rights & authenticity that apply to physical property. Most developed countries have developed legal measures to protect both forms of property.
Intellectual property is an intangible creation or to say it’s mind product, converted into tangible form, that is assigned certain rights. Illustrations of intellectual property include an author’s copyright on poetry or to say a book, a distinctive logo design representing a perfume company, unique design of a fashion designer, or a patent to manufacture medicines. Intellectual property law covers the protection of trademarks, patents, copyrights, and trade secrets. In effect, intellectual property laws give the creator of a novel and different product or a temporary monopoly on its use. Seeing all these aspects, it has become the most valuable asset which a person or companies can own.
Economists estimate that two-thirds of the value of large businesses in the U.S. can be traced to intangible assets. Every nation has framed their own intellectual property laws. But on international level it is governed by the World Intellectual Property Organization (WIPO). The WIPO convention lays down following list of the activities or work which are covered by the intellectual property rights
- Industrial designs
- Scientific discoveries
- Protection against unfair competition
- Literary, artistic and scientific works
- Inventions in all fields of human endeavor
- Performances of performing artists, phonograms and broadcasts
- Trademarks, service marks and commercial names and designations
- All other rights resulting from intellectual activity in the industrial, scientific, literary or artistic fields.
Types of Intellectual Property Rights
Intellectual Property Rights relates to the rights which can be further divided into the following heads-
- Industrial Design Rights
- Trade Secrets
- Utility Model
- Geographical Indication
Your Intellectual property case will be looked after by an experienced Lawyer/expert having intense knowledge about the matter. The counsel will be an ally upon whom you can rely for comprehensive guidance and advice. We are proud of the services which we deliver to our clients in a time-bound manner and any other legal issues that may arise simultaneously.