IP is the name given to property arising out of human intellectual effort. Intellectual Property refers to creations of the mind: > Inventions, > literary, > Artistic works, > Designs used in commerce, > Symbols, > Names, > Images. A key characteristic of any property is that the owner of property has the exclusive authority to determine how that property is used.
IP is the name given to property arising out of human intellectual effort. Intellectual Property refers to creations of the mind: > Inventions, > literary, > Artistic works, > Designs used in commerce, > Symbols, > Names, > Images. A key characteristic of any property is that the owner of property has the exclusive authority to determine how that property is used.
IP is the name given to property arising out of human intellectual effort. Intellectual Property refers to creations of the mind: > Inventions, > literary, > Artistic works, > Designs used in commerce, > Symbols, > Names, > Images. A key characteristic of any property is that the owner of property has the exclusive authority to determine how that property is used.
Intellectual property right means rights to the intellectual property.
Definition of IP Intellectual property (IP) is the name given to property arising out of human intellectual effort. 3 The output of human intellectual effort often manifests itself as new or original knowledge or creative expression which adds a desirable quality to a marketable product or service. 4 IPR WHAT IS IP? A PROPERTY GENERATED BY THE INTELLECTUAL, CAPABILITY OF AN INDIVIDUAL OR A GROUP OF INDIVIDUALS The IP system is the best available tool for creating and maintaining exclusivity over creative and innovative output in the market place. WHAT IS IPR? THE LEGAL RIGHTS ON THE ABOVE GENERATED PROPERTY Intellectual property refers to creations of the mind: Inventions, literary, Artistic works, Designs used in commerce, Symbols, Names, Images. 6 Characteristics of IP A key characteristic of any property is that the owner of property has the exclusive authority to determine how that property is used. 7 8 Physical Property (Tangible or Material) Intellectual Property (Intangible or Immaterial) 2009 9 Physical Property (Tangible or Material) Intellectual Property (Intangible or Immaterial) In both the case the owner has exclusive right to determine how it is used. 10 Physical Property (Tangible or Material) Intellectual Property (Intangible or Immaterial) Can only be used by one or a limited number of people at a given time. Can be used by various people at the same time (including the owner or creator). 11 Physical Property (Tangible or Material) Intellectual Property (Intangible or Immaterial) Has economic value as long as it exists or as long as there is demand for it. Has economic value only for the duration specified in the laws and as long as there is demand for it. 12 Physical Property (Tangible or Material) Intellectual Property (Intangible or Immaterial) Possibility of theft and disputes concerning ownership is rather limited. Greater possibility of theft and disputes concerning ownership. 13 Physical Property (Tangible or Material) Intellectual Property (Intangible or Immaterial) Theft occurs only if the possession of the property changes hands. Theft occurs if the property is copied, imitated, adapted, translated, used, displayed, etc. without permission of the owner or creator. 14 Physical Property (Tangible or Material) Intellectual Property (Intangible or Immaterial) In both the cases Expenditure or income from the property may be subject to taxation. 15 Physical Property (Tangible or Material) Intellectual Property (Intangible or Immaterial) Both the properties May be valued and reflected on account books and balance sheets. 16 Physical Property (Tangible or Material) Intellectual Property (Intangible or Immaterial) Both the properties May be securitized and used as collateral for borrowing money 17 Physical Property (Tangible or Material) Intellectual Property (Intangible or Immaterial) Both the properties May be insured. 2 types of property: Physical Property The owner has exclusive rights to determine how to use it.
Can be used by one or a limited no of people at a given time.
It has economic value as long as there is a demand for it.
Possibility of theft and disputes concerning ownership is limited.
Expenditure and income from the property may be subject to taxation
May be insured Intellectual Property The owner has exclusive rights to determine how to use it
Can be used by various people at the same time (incl. owner/creator)
It has economic value only for the duration specified in law & demand
Greater possibility of theft and disputes concerning ownership.
Expenditure and income from the property may be subject to taxation
May be insured Intellectual property, very broadly, means the legal rights which result from intellectual activity in the industrial, scientific, literary and artistic fields.
Countries have laws to protect intellectual property for two main reasons. One is to give statutory expression to the moral and economic rights of creators in their creations and the rights of the public in access to those creations. The second is to promote, as a deliberate act of Government policy, creativity and the dissemination and application of its results and to encourage fair trading which would contribute to economic and social development. IPs are an intangible assets Intellectual property law aims at safeguarding creators and other producers of intellectual goods and services by granting them certain time-limited rights to control the use made of those productions
IP systems are manmade systems.
The amount of variation is huge.
In IP, the operative words are earlier, before, prior, ahead, previous, etc. One who created, invented, implemented, etc first, the IP right would be with him/her.
Intellectual property refers to creation of the mind: Inventions, literary, and artistic work, and symbols, names, images, and designs used in commerce. IP is divided in two categories: Industrial property: patents, trademarks, industrial design, and geographical indication. Copyright: literary works such as novels, poems, and plays, films, musical composition, artistic work as drawing, painting, photographs and sculptures and architectural designs.
INTELLECTUAL PRPPERTY INDUSTRIAL PROPERTY COPYRIGHT PATENTS TRADEMARKS INDUSTRIAL DESIGN GEOGRAPHICAL INDICATION TRADE SECRETS LITERARY WORKS ARTISTICS WORKS Types of IP Rights Trademarks (Brands) Geographical Indications Industrial Designs Patents and Utility Models Copyright and Related Rights Trade Secrets Patents
A patent is an exclusive right granted for an invention, which is a product or a process that provides a new and non-obvious way of doing something, or offers a new and non-obvious technical solution to a problem.
Patents
Example: Ring-pull Cans
The inventor licensed the system to Coca-Cola at 1/10 of a penny per can. During the period of validity of the patent the inventor obtained 148,000 UK pounds a day on royalties. Trade Mark
A trademark is a sign or any combination of signs, capable of distinguishing a product or service from other products or services on the market.
Industrial Designs
An industrial design (or simply a design) is the appearance of the whole or part of a product resulting from features of, in particular, the lines, contours, colours, shape, texture and/or materials of the product itself and/or its ornamentation.
Trade Secrets Trade secrets or confidential business information are any information that can be used in the operation of a business and that is sufficiently valuable and secret to afford economic advantage over others
Geographic Indications
A geographical indication is a sign used on goods that have a specific geographical origin and possess qualities or reputation that are due to their place of origin.
Copyright Copyright describes a bundle of rights given to creators in relation to their literary and artistic works. It protects items such as paintings, drawings, sculptures, photographs ,architecture, instruction manuals, software, databases, technical documentation, advertisements ,maps ,literary works, music, films or songs.
Music Films Literary
What are Related Rights? There are three kinds of related rights: Rights of performers Actors Musicians Singers Dancers or generally people who perform in their performances; Rights of producers of sound recordings (also called phonograms) in their recordings (cassette recordings, compact discs, etc.); Rights of broadcasting organizations in their radio and television programs and in Internet broadcasts such as podcasts. Different ways to protect IP: Innovative products and processes Protected by Patents & Utility Models. Creative designs, including textile designs Protected by Industrial Designs. Brands Protected by Trade Mark Protection Denominations for goods of a given quality or reputation attributable to the Geographical origin Protected by Geographical Indication Undisclosed information of commercial value Protected by Trade Secrets. Cultural, artistic & literary works including in most countries, computer software and compilation of data Protected by Copyright, & Related Rights One product many IP rights: The are many products which individually has many IP rights like: CD Player 1. Technical features - Patent 2. Embedded computer programme copyright 3. Aesthetic design Industrial design 4. Brand trademark 5. confidential information Trade secrete
One product many IP rights: The are many products which individually has many IP rights like: Godrej Ezee: Patent, trade secrete Shape of bottle Design of bottle Brand Label
Characteristics : 1. IP does have commercial value like physical property, expenditure or income from IP may be subject to taxation. 2. The owner of the property has the exclusive authority to determine how that property is used. 3. IP has value only for the duration for which law allows. 4. Intellectual output can potentially be used or enjoyed by an unlimited number of people. 5. Fees charged to use to IP asset is called Licensing of IPRs. 6. There are more chances of theft and disputes concerning ownership and use of IP.
Limitations: 1. Rights exist for a limited period. 2. Rights are restricted geographically. 3. Rights are limited by subject matter. 4. Rights are potentially limited by competition and free movement required. The Paris convention for protection of industrial property came into existence in 1883, it dealt with Patent, TM, designs, etc and not copyright. India is not a part of it.
TRIPS Agreement (Trade Related Aspects of Intellectual Property Rights) has adopted the provision of Paris convention in that nationals of signatory country. India is a member of it.
The Berne convention -1886 was the first international convention on copyright, India is a member of it.
In 1947 the General Agreement on Tariffs and Trade (GATT) came into existence.
WTO- World Trade Organization came into existence in 1995, WTO agreement is a package deal, the member countries have to accept all of the agreement. Some of the treaties & conventions dealing with patents, trademark, copyright are: Washington treaty on intellectual property in respect of integrated circuits(1989)
Trade mark law treaty(1994)
Patent co-operation treaty(1970)
Budapest treaty on international recognition of the Deposit of Micro- organism for the purpose of Patent Procedure(1977)
Madrid agreement concerning the international registration of marks(1891)
Locarno agreement establishing an international classification for industrial designs(1968)