AN INTRODUCTION TO INTELLECTUAL PROPERTY RIGHTS WITH SPECIAL REFERENCE TO TRADEMARK

Abstract

Our legal system provides certain rights and protections for owners of property.  Like other property rights, Intellectual property rights are not a common phenomenon in India. But, with the passage of time and in the era of globalization it becomes need of the hour to have stringent laws relating to intellectual property rights, before discussion about development of intellectual property rights we should know its detailed meaning. Intellectual property refers to the creation of mind. As per Black’s Law Dictionary Intellectual property means“A commercially valuable product of human intellect, in an abstract form such as copyrightable work, a protectable Trademark, a patentable invention or a Trademark of secret”. Intellectual Property is essentially the creation of human mind and intellect and intellectual Property rights are aimed at safeguarding, authors, and other producers of intellectual goods or any services by granting them certain time bound rights. Intellectual Property Rights allow people to assert ownership rights on the outcomes of their creativity and innovative activity in the same way that they can own physical property. Intellectual Property results out of mental labour. The four main types of Intellectual Property are Patents, Trademarks, Designs and Copyrights. Trademarks are an important aspect of Intellectual Property. To understand the expression intellectual property rights, it is essential to know the meaning of word property and rights. Let us understand the expression property.