Intellectual Property Right Essay Example | Topics and Well Written Essays - 8000 words

quick Property function - Essay ExampleSuch protection has lead to the provision of additional funding for the research studies, enhances the efforts on the technological innovations and has also led to the foundation garment of a number of new start ups. Generally the judgment of IP covers the legal rights to any psyche or organization resulting from any intellectual prop. The intellectual property deals with the intellectual activities in various fields including industrial, scientific, literary and esthetic and the like. The countries across the world have create legislations covering the protection of IP. These laws have been enacted at the national level for the following main reasonsThe first design is to give a statutory recognition to the creators of the moral and economic rights attached to their creations and also to specifically part out the accessibility of the public to such rights.The second one is to discharge the responsibility of the government with reckon to the promotion of creativity and the dissemination of the application of such creations. This way the government would be able to throw out a fair trading that may result in a balanced economic and genial development of the country.In generic terms the IP law aims at protecting the creators and producers of intellectual goods their rights on such goods and services by granting rights to exercise control over the use of those creations for a defined power point of time. However it is important to note that such IP rights do not apply to the physical inclination on which the IP rights may be applied but only on the intellectual creation as such. The IP protection normally extends to (i) Industrial Properties and (ii) Copyright on smart Properties.2.0 Fields of Intellectual Property ProtectionThe above two areas of IP protection can be further categorise into different fields. Inventions, trademarks, industrial designs and geographical indications are covered by Industrial Prop erty. Copyright encompasses literary and artistic works including novels, Poems, films and musical creations. In this context it is important to understand different types of intellectual properties. 2.1 Different Types of Intellectual PropertiesThe different types of industrial properties that need protection are1. Patents2. Industrial Designs and integrated circuits3. Utility models4. Copyright and connect rights5. Trademarks6. Trade secrets7. Plant breeders rights2.1.1 PatentsA manifest is regarded as an exclusive right that is conferred on any person in respect of an innovation. The patent right has normally a duration of 20 years. A patent right is granted for a product or process which have the capacity of providing in everyday way of doing something or offering a new technical solution to a problem on hand. An invention is considered new as long as it is not known to the public by any means (written or oral or in any other way), before its filing