Please enable JavaScript.
Coggle requires JavaScript to display documents.
INTELLECTUAL PROPERTY RIGHT (IPR) (TYPES OF IPR (1) PATENT (A patient is…
INTELLECTUAL PROPERTY
RIGHT (IPR)
DEFINITION OF (IPR)
: the creations of the minds of an individual which has a commercial and moral value
CATEGORIES OF IPR
INDUSTRIAL PROPERTY
: Trademarks, inventions, geographical indications, industrial design fall under the industrial property
COPYRIGHT
: Music, films, architectural design, literary works (poems, novels, etc) and artistic works (sculptures, photography, etc)
OBJECTIVES OF IPR
To stimulate the creativity by providing an exclusive right to creative inventions and works. These protections right inspire artists, authors or inventors to share their work for the benefit of society
FINANCIAL IMPACTS OF IPR
IPR gives and incentive to entities and individuals to invest in the development of new ideas as they are reassured of a fair return on their investment such as research and development.
TYPES OF IPR
1) PATENT
A patient is issued to protect an invention. it gives the holder the right to prevent anyone from making, using or selling the patented invention for a fixed time period. (usually 20 years from filing date)
2) COPYRIGHT
A copyright protects artistic and literary work. The producer has complete rights and control over adaptions or reproduction of the work up to 70 years after the producer's death
3) TRADEMARK
Trademarks are distinctive phrases, words, symbols or signs. They distinguish services or products of one company from the others like brands of certain products.
4) DESIGN
A design protects the outward appearances or the visual style of an object. It does not protect unseen design elements of the products.
5) DATABASE
Database right is similar to copyright. It prevents people from copying a significant section of a database. The database protects the information itself and not the form of information
6) TRADE SECRET
A trade secret is a practice, design, formula, process or a compilation of information. This information is utilized by a company to gain competitive advantage over the others