Intellectual Property is
a product of the human intellect that has commercial value
Many of
the rights of the ownership common to real and personal property are
also common
to Intellectual
Property
Intellectual Property can be bought, sold, and
licensed
Similarly it can be protected against theft
and infringement by others
Patent,
Design & Trademark together with
Copyright form TOTAL INTELLECTUAL PROPERTY
Patent
1. Derived
from the Latin word „LITTERAE PATENTES‟ which means „Open
Letters‟
or „Open Documents‟ to confer rights and privileges.
2. A
contract between an Inventor and the Government
3. An
exclusive privilege monopoly right granted by the Government to the Inventor
4. Invention
may be of an Industrial product or process of manufacture
5. Invention
should be new, non-obvious, useful and patentable as per Patents Act
6. The
right to the inventor is for limited period of time and valid only within the
territorial limits of a country of grant.
Examples:
a drug compound, a tool, maybe software effects
DESIGN
Ø
Meant for beautifying an industrial
product to attract the consumer public
Ø
Shaping, Configuration or
Ornamentation of a vendible Industrial product
Ø
Exclusive „Design Rights‟
to the originator for a limited term
TRADE
MARK
Ø
Trade Mark is a name or symbol
adopted for identifying goods
Ø
Public can identify from the Trade
Mark from whom the product is emanating
Ø
Trade Marks protection is given for
an industrial product by the Government
Examples: Channel No.5‟s
smell, Jacque Villeneuve‟s face!
COPY
RIGHTS
v
The right to original literary and
artistic works
•
Literary, written material
•
Dramatic, musical or artistic works
•
Films and audio-visual materials
•
Sound recordings
•
Computer Programmes/software
•
SOME databases
Example:
Picasso‟s
Guernica, Microsoft code, Lord of the Rings
