INTELLECTUAL PROPERTY LAW IN MODERN ERA

Abstract

Intellectual property rights are like any other property rights. They allow creators, or owners, of patents from their own work or investment in a creation.it also refers to the creations of the mind which includes inventions, literary work, names and images. With the advent of the knowledge and information technology era, intellectual capital has gained capital substantial importance. Intellectual property law ensures that trade secrets, utility models and patents of the industry are protected and are not violated or hampered. IPR includes trademark, patent, copyright, geographical indications etc. Importance of intellectual property was first recognized in Paris convention for the protection of industrial property (1883) and the Berne convention for the protection of literary and artistic works. Indian legislature has made efforts to implement better IP rights enforcement and protection. Formally, the Intellectual Property is defined under Article 2(viii) of the World Property Organization, 1967 to include rights relating to: (1) literary, artistic and scientific works, (2) performance of performing artists, phonograms and broadcasts, (3) inventions in all fields of human endeavor, (4) scientific discoveries, (5) industrial designs, (6) trademarks, service Marks, commercial names and designations, (7)protection against unfair competition and all other rights resulting from the intellectual activity in the industrial, scientific, literary or artistic fields.