Author: Rupam Banerjee, Student at Noida International University
WHAT ARE INTELLECTUAL PROPERTY RIGHTS?
Intellectual property rights (IPR) are legal rights that an inventor is awarded to protect his or her creation for a fixed period of time. These legal rights give the creator the sole and exclusive right to use his creation for a specific period of time. Intellectual property is widely accepted to play a key role in today’s economy. It has also been conclusively demonstrated that the intellectual effort involved with innovation should be prioritised in order to achieve public benefit. Originally, Industrial Property only applied to patents, trademarks, and industrial designs, but the term has come to encompass a far broader definition.