GLOSSARY

Intellectual Property Rights

Intellectual property rights (IPR) are the exclusive control the owner of any creation has over their work for a specific period of time. Internal properties are protected by law through copyrights, patents, and trademarks. Intellectual properties include any artistic or literary works, any symbols, names, or even stylistic elements. These rights acknowledge the creators and reward them for their efforts. They encourage more people to create and innovate.

Every country has its own sets of intellectual property right laws to ensure proper protection to the creator. There are many acts in place in India, such as the Patents Act, 1970, the Trade Mark Act, 1999, and the Copyright Act, 1957. Each of these refers to a particular form of intellectual property. For example, the Patents Act is particularly relevant to inventions.

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