What is Intellectual property rights (IPR)
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What us Intellectual property ? As per World Intellectual Property Organization (WIPO), Intellectual property (IP) refers to the creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. What are the types of Intellectual property ? Types of IP includes mainly Patent Copyright Trademark Industrial Design Geographical Indication What is Patent ? In the case of Patent, the government grants you exclusive rights to use that invention, for a limited period of time, in turn of making the invention known to the public. Patentability criteria •A new product or process involving an inventive step and capable of industrial application[Sec 2(1)(j)] New (Novelty) : New, unknown, not published, undisclosed, not in public domain, not discussed, not used, not sold Inventive step/(non obviousness): Involves technical advance as compared to existing knowledge or having economic significance or both which makes it not obviou