SPORTS AND INTELLECTUAL PROPERTY RIGHTS – AN OVERVIEW ON THE INDIAN STANDARDS
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Abstract
People are drawn into sports activities since time immemorial and from passion it has evolved into a global industry with unlimited trade opportunities. Sports have created communities of players and fans alike and it is also an economic engine that provide jobs around the world. The sports industry being a massive sector across the world has helped to bring various cultures and economies together in the past century. The sports industry has a growing impact on the world economy, creating jobs, investing in public infrastructure and mobilizing resources. Money has acquired an enormous role in all sporting events as corporatization of sports made sporting events no more sporting events worldwide. The scope of Intellectual Property Rights is of immense importance in the sporting arena. Intellectual Property Rights vests in almost every component of the sports industry. Sports are showing Intellectual Property in action and the Intellectual Property in turn powers the business of sports.
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