Intellectual Property Rights in India

ABSTRACT

The intangible concept of intellectual property rights (IPR) grants creators and inventor’s exclusive rights over their priceless creations. IPR is the main focus of international commercial practices and livelihood in the current globalization landscape. These rights foster innovation by providing creators and inventors with recognition and financial benefits; conversely, a lack of knowledge about intellectual property rights and its poor application may impede the country’s advancements in technology, economy, and society.[1] Therefore, it is imperative that IPR knowledge be disseminated and that it be implemented appropriately for every country. This paper discusses several words related to intellectual property rights (IPRs), including patents, trademarks, industrial designs, geographic indications, copyright, etc., along with the laws and regulations that apply to each. It also discusses the importance of these terms in the Indian context. Additionally, a brief discussion on India’s current involvement status in IPR-related activities worldwide has been held.