What is meant by intellectual Property Rights (IPR)?
Intellectual Property Rights (IPR) are about creations of the mind, they are granted to creators of IP, for ideas which are new and original, by the respective governments. No one can use others’ IPR without their permission. These rights come with limited monopoly and exclusivity.
What are the different types of IPR?
There are different types of IPR namely, patents, copyrights, trademarks, industrial designs, protection of geographical indications(GIs), IC lay-out designs, trade secrets and new plant varieties.
Are IP rights territorial in nature?
Yes, IP rights are territorial. It means that an Indian registration is valid only in India. For protection of Intellectual Property in any other country, one has to seek protection separately under the relevant law.
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