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Contemporary Developments In Intellectual Property Laws

Author: Chandramouli Ghoshal, Student, Amity Law School, Amity University, Kolkata, India

Abstract Intellectual Property Rights (IPR) can clearly be defined as inventions, ideas and creative expressions which are based on a public willingness to bestow the status of the property. Intellectual Property Rights are bestowed to provide certain exclusive rights to the inventors or creators of that property to help them to protect their intellectual property and enable them to obtain commercial benefits from their creative efforts or reputation. The important types of intellectual property protection are known as patent, copyright, trademark. Patent can be recognised as an invention, which satisfies all the criteria of global novelty and industrial application. Intellectual Property Rights is the prerequisites for better identification, commercialization, planning, rendering, and to provide protection of the invention or creativity of the inventor. Each industry must and have to evolve its own IPR policies, its own management style, own strategies, depending on its area of speciality. The major applicability of IPR is being used in the Pharmaceutical industry currently and is providing better IPR strategies requiring for a better focus and approach in the coming era.

Keywords: Intellectual property law, Copyrights Laws, Trademark, Patents.

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