World Intellectual Property Organization(WIPO) Kinds of Property Movable Property Car, Pen, Furniture, Dress • Immovable Property Land, Building • Intellectual Property Literary works, inven 1ons Nature of Intellectual Property • Crea on of human mind (Intellect) • Intangible property • Exclusive rights given by statutes • A ended with limita ons and excep ons • Time-bound • Territorial Intellectual Property Rights (IPRs) are legal rights that protect creations and/or inventions resulting from intellectual activity in the industrial, scientific, literary or artistic fields. Interna onal Trea es • Paris Conven on for the Protec on of Industrial Property 1883 Internet Trea es 1996 Basic Principle • Contract between creator and sovereign state The four main types of intellectual property are patents, trademarks, copyrights, and trade secrets. The Copyright Act, 1957 Higher Educa on The Patents Act, 1970 Industrial Policy & Promo on The Designs Act, 2000 Industrial Policy & Promo on The Trade Marks Act, 1999 Industrial Policy & Promo on Two Kinds of Rights Moral Rights ❖ To protect personality of author• Right of Authorship • Right of Integrity• Inalienable Rights1 Economic Rights ❖ To bring economic bene 1t Literary, drama c, Musical and Ar s c Works published during life me of author: Life + 60 years • A patent is an exclusive right granted for an inven on, which is a product or a process that provides a new way of doing something, or o ers a new technical solu on to a problem. Period of Patents - 20 Years ti ti ti ti ti ti ti ti ti t f ti ti ti ti ti ff tt ti ti ti ti WHAT CAN BE PATENTED? Novelty; • Non-obviousness (inven ve step); • Industrial applica on (u lity). INVENTIONS – NOT PATENTABLE Biological warfare, gambling machine, perpetual mo on machine, machine with 100 % e eciency Rights of the Registered Proprietor • The proprietor of the registered design has the exclusive right to apply the design to any ar cle in the class in which the design is registered • Period of protec on is ten years extendable by 5 years. TRADE MARK • A name of an enterprise or a Mark capable of being represented graphically, dis nguishing the goods or services of one person from those of others e. g., LUX, Godrej, TVS ,Telco, 555, APPLE Kinds of Trademarks • Marks on goods • Service Marks • Cer Well known marks • Trade Names ca on trademark • Collec ve Marks • Trade Secrets • Some inven ons, data, informa on cannot be protected by any of the available means of IPRs. Such informa on is held con den al as a trade secret. • Trade secret can be an inven on, idea, survey method,manufacturing process, experiment results, chemical formula, recipe, nancial strategy, client database etc.. ti ti ffi ti fi fi ti ti ti ti ti ti ti fi ti ti ti ti tt ti ti ti fi ti ti ti ti ti ti What is a Geographical Indica on? Geographical Indica on is an indica on which iden es goods as agricultural goods, natural goods or manufactured goods as origina ng, or manufactured in the territory of country, or a region or locality in that territory, where a given quality, reputa on or other characteris c of such goods is essen ally a ributable to its geographical origin.