All You Want To Know About Intellectual Property
All You Want To Know About Intellectual Property
Intellectual Property
Introduction
Intellectual Property (IP) deals with any basic construction of human
intelligence such as artistic, literary, technical or scientific constructions.
Intellectual Property Rights (IPR) refers to the legal rights granted to the
inventor or manufacturer to protect their invention or manufacture product.
These legal rights confer an exclusive right on the inventor/manufacturer or its
operator who makes full use of it’s his invention/product for a limited period of
time.
In other words, we can say that the legal rights prohibit all others from using
the Intellectual Property for commercial purposes without the prior consent of
the IP rights holder. IP rights include trade secrets, utility models, patents,
trademarks, geographical indications, industrial design, layout design of
integrated circuits, copyright and related rights, and new varieties of plants. It
is very well settled that IP plays an important role in the modern economy.
IPR is a strong tool, to protect the investment, time, money, and effort invested
by the inventor/creator of the IP, as it gives the inventor/creator an exclusive
right for a certain period of time for the use of its invention/creation. Thus, IPR
affects the economic development of a country by promoting healthy
competition and encouraging industrial growth and economic growth. The
present review presents a brief description of IPR with particular emphasis on
pharmaceuticals.
Meaning of intellectual Property
Intellectual Property can be defined as inventions of the mind, innovations,
literary and artistic work, symbols, names and images used in commerce. The
objective of intellectual property protection is to encourage the creativity of the
human mind for the benefit of all and to ensure that the benefits arising from
exploiting a creation benefit the creator. This will encourage creative activity
and give investors a reasonable return on their investment in research and
development.
As a result, intellectual property rights can have a direct and substantial impact
on industry and business, as the owners of IPRs one can enforce such rights
and can stop the manufacture, use, or sale of a product to the public. IP
protection encourages publication, distribution, and disclosure of the creation to
the public, rather than keeping it a secret and to encourage commercial
enterprises to select creative works for exploitation.
Even music and audio-visual works are covered by copyright laws. The duration
of copyright protection exists 60 years after the death of the creator. In other
words, an author’s book is copyrighted for his entire life and then 60 years after
his death. Unlike patent laws, there is no requirement of the administrative
process in copyright laws.
1. Progress and the good of humanity remain in the ability to create and
invent new works in the field of technology and culture.
2. IP protection encourages publication, distribution, and disclosure of the
creation to the public, rather than keeping it a secret.
3. Promotion and protection of intellectual Property promote economic
development, generates new jobs and industries, and improves the
quality of life.
Intellectual Property helps in balancing between the innovator’s interests and
public interest, provide an environment where innovation, creativity and
invention can flourish and benefit all.
Copyright
Copyright law deals with the protection and exploitation of the expression of
ideas in a tangible form. Copyright has evolved over many centuries with
respect to changing ideas about creativity and new means of communication
and media. In the modern world, the law of copyright provides not only a legal
framework for the protection of the traditional beneficiaries of copyright, the
individual writer, composer or artist, but also the publication required for the
creation of work by major cultural industries, film; Broadcast and recording
industry; And computer and software industries.
Patent
Patent law recognizes the exclusive right of a patent holder to derive
commercial benefits from his invention. A patent is a special right granted to
the owner of an invention to the manufacture, use, and market the invention,
provided that the invention meets certain conditions laid down in law. Exclusive
right means that no person can manufacture, use, or market an invention
without the consent of the patent holder. This exclusive right to patent is for a
limited time only.
To qualify for patent protection, an invention must fall within the scope of the
patentable subject and satisfy the three statutory requirements of innovation,
inventive step, and industrial application. As long as the patent applicant is the
first to invent the claimed invention, the novelty and necessity are by and large
satisfied. Novelty can be inferred by prior publication or prior use. Mere
discovery ‘can’t be considered as an invention. Patents are not allowed for any
idea or principle.
Trademark
A trademark is a badge of origin. It is a specific sign used to make the source of
goods and services public in relation to goods and services and to distinguish
goods and services from other entities. This establishes a link between the
proprietor and the product. It portrays the nature and quality of a product. The
essential function of a trademark is to indicate the origin of the goods to which
it is attached or in relation to which it is used. It identifies the product,
guarantees quality and helps advertise the product. The trademark is also the
objective symbol of goodwill that a business has created.
Geographical indication
It is a name or sign used on certain products which corresponds to a geographic
location or origin of the product, the use of geographical location may act as a
certification that the product possesses certain qualities as per the traditional
method. Darjeeling tea and basmati rice are a common example of geographical
indication. The relationship between objects and place becomes so well known
that any reference to that place is reminiscent of goods originating there and
vice versa.
It is necessary that the product obtains its qualities and reputation from that
place. Since those properties depend on the geographic location of production, a
specific link exists between the products and the place of origin. Geographical
Indications are protected under the Geographical Indication of Goods
(Registration and Protection) Act, 1999.
Industrial design
It is one of the forms of IPR that protects the visual design of the object which
is not purely utilized. It consists of the creation of features of shape,
configuration, pattern, ornamentation or composition of lines or colours applied
to any article in two or three-dimensional form or combination of one or more
features. Design protection deals with the outer appearance of an article,
including decoration, lines, colours, shape, texture and materials. It may consist
of three-dimensional features such as colours, shapes and shape of an article or
two-dimensional features such as shapes or surface textures or other
combinations.
Plant variety
A new variety of plant breeder is protected by the State. To be eligible for plant
diversity protection, diversity must be novel, distinct and similar to existing
varieties and its essential characteristics under the Plant Protection and
Protection Act, 2001 should be uniform and stable. A plant breeder is given a
license or special right to do the following in relation to different types of
promotional material:
The enactment of the Protection of Plant Varieties and ‘Farmers’ Rights Act 2001
is an outcome of the India’sIndia’s obligation which arose from article 27(3)(b)
of the TRIPs Agreement of 2001 which obliges members to protect plant
varieties either by patents or by effective sui generic system or by any
combination thereof India declined to protect plant varieties by a sui generis
law, i.e. the Plant Varieties Act.
1. The increased market value of your business – IP can generate income for
your business through licensing, selling or commercializing protected
products or services. This, in turn, can improve your stock market or
increase your profit. In the case of a sale, merger or acquisition,
registered and protected IP assets can increase the value of your
business.
2. Convert ideas into profitable assets – IP can help to convert creative ideas
into commercially successful products and services. For example, licensing
your patent or copyright can result in a steady stream of royalties and
additional income that can result in profitable assets.
3. Market the products and services of the business – IP is necessary to
create an image for your business like trademark, logo, or design of your
product. So, it will help in differentiating the product and advertise and
promote it to the customers.
4. Increase export opportunities for the business – IP can increase the
competition in export markets. One can use their brands and design for
marketing foreign goods and are looking for franchising agreements with
foreign companies or to export your patented products. Consumers won’t
be confident buying means without products or reliable services,
international trademark protection and enforcement machinery to
discourage counterfeiting and piracy.
One of the main objectives of Sui generis protection granted by that exclusive
monopoly of the State should enable traditional ‘owner’s knowledge for
adequate compensation of their contribution towards economic growth. In
general, it refers to a particular form of protection, a form that is specifically
adapted to a specific subject or specific circumstances, which is specifically
made for specific needs, priorities, and reality.
The “effective sui generis system” referred to in Article 27.3 (b) of the TRIPS
Agreement is clearly intended as an alternative to the patent system. In this
regard, it is useful to remember that the UPOV system was also established in
1961, which, as a special type of protection, would cover only plant varieties
and especially adapted plant varieties, instead of the patent system. In this
sense, the UPOV system was already conceived as an alternative to the patent
system in 1961 as a Sui Generis protection with different provisions.
The need to Develop a suitable regime in the case of IPR to include traditional
medicine adequate measures for ‘sharing profit”. Codified System and measures
of Traditional Medicines are TKDL(Traditional Knowledge Digital Library) like
databases is expected to play a major role in preventing for bio-theft but non-
codified.
Such as regulation of traditional medicine folklore practices, tribal practices etc.
New rules are urgently needed for creating patented ‘and Sui generis” system
for the preservation and promotion of our traditional knowledge Like some
national-level programs initiated by the National Innovation Foundation to
enable non-traditional traditional medical practices Identified, documented,
standardized and better used for therapeutic benefits as well as ailing mankind.
In recent times there has been a strong resurgence of interest in folk arts, and
indiscriminate entrepreneurs have used expressions of folklore for commercial
gain in India. These are not linked in any way to the origins of exploitative
communities, nor do they accept or contribute monetarily to the welfare of the
communities generated by their earnings. This is a sign of a lack of laws and
implementation despite the formulation of laws to protect folklore in India. The
WIPO program and the 1998–1999 budget were initiated to address growing
concerns about the intellectual property rights of indigenous knowledge holders.
The Constitution of India, Part III, Article 29 states that the protection of the
culture of minorities is a fundamental right, which states in a broad sense that a
citizen of any specific language, script or culture has the right to protect it. The
Constitution provides for the preservation of the cultural identity of the tribal
population, although Schedule 6 to Article 371 empowers such groups to have
an autonomous council for self-government in accordance with their customs
and traditions. Legislative bodies have the power to make laws to protect
traditions and customs.
There is also Article 51A (f) which makes it a fundamental duty of every citizen
to value and preserve the rich heritage of India’s culture, but no legislative, or
codified law, which means that it is written on paper only. The Constitution
provides for the preservation of the cultural identity of the tribal population,
although Schedule 6 to Article 371 empowers such groups to have an
autonomous council for self-government in accordance with their customs and
traditions.
Such councils have the power to make laws to protect traditions and customs.
In order to prevent commercial exploitation of folk cultures and to maintain
originality, it is necessary for folklore to establish intellectual property laws
today.
Conclusion
Intellectual property rights are monopoly rights that grant temporary privileges
to their holders for the exclusive exploitation of income rights from cultural
expressions and inventions. There must be good reasons for a society to grant
such privileges to some of its individuals, and so proponents of these rights
provide us with three widely accepted justifications to protect today’s inter-
global intellectual property rights.