World of Innovation
In the world leading towards innovation trends, we need to keep ourselves well acquainted with latest technologies, upcoming innovations, market needs. One who is able to get the need of the hour is definitely gonna win this race of innovation. Innovation is not slave to intelligent or rich but it is a common thing like a common sense but difficult to find in a common man. We need to understand the problem of market and then find a suitable solution for that.
Intellectual Property Rights
A patent is a form of intellectual property. A patent gives its owner the right to exclude others from making, using, selling, and importing an invention for a limited period of time, usually twenty years. Monopoly right granted by the government. Territorial in Nature (There is no international Patent). Novelty(New), Inventive Step(Non-Obvious) and Industrial application(Useful) are the three requirements of patentability.
Copyright is a right given to creators of literary, dramatic, musical and artistic works and producers of cinematography films and sound recordings to decide on its use. It provides rights of reproduction, public performance, recordings broadcasting and translation or adaptation of the work. Copyright comes into existence as soon as a work is created and no formality is required to be completed for acquiring copyright.
A trademark is any sign which can distinguish the goods of one trader from those of another. Sign includes, words, logos, pictures, or a combination of these. A trade mark is used as a marketing tool so that customers can recognize the product of a particular trader. Once acquired, a trademark can last indefinitely as long as you renew it every 10 years. To register a trade mark , the mark must be: distinctive, and, not deceptive, or contrary to law or morality, and, not identical or similar to any earlier marks for the same or similar goods.
An Industrial Design constitutes the ornamental or aesthetic aspect of an article. A design may consist of three-dimensional features, such as the shape or surface of an article, or of two-dimensional features, such as patterns, lines or color. From tables to telephones, industrial design is one of the key factors that attracts us to a product, or leads us to prefer using one product over another.
A Geographical Indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. In order to function as a GI, a sign must identify a product as originating in a given place. In addition, the qualities, characteristics or reputation of the product should be essentially due to the place of origin. Since the qualities depend on the geographical place of production, there is a clear link between the product and its original place of production.
A Trade Secret is a formula, practice, process, design, instrument, pattern, or compilation of information used by a business to obtain an advantage over competitors within the same industry or profession. The unauthorized acquisition, use or disclosure of such secret information in a manner contrary to honest commercial practices by others is regarded as an unfair practice and a violation of the trade secret protection.