Intellectual Property Rights
Intellectual property deals with explosion of human mind, invention, artistic work, symbols, names, logos used in commence. It is a class of property that comprises creations of human intellect. Primarily encircle copyright, patents and trademarks. it also append other types of right like industrial design, trade secret and right against unfair competition.
The intellectual property rights reward creativity and human endeavour which fuel the progress of human being. by these reward which promote researcher and inventor to continue with their better and more efficient product for consumer also to promote visionary innovation as the key to a secure future.
Because of the marketing of every product and its high-end competition creating a space of its own in the market and restricting others to enter the space provides a monopoly to enhanced profitability. This we call providing a protection to ones intellect.
In India intellectual property rights are safely protected and controlled by well-established statutory and judicial framework. As a first step in this direction in India. Patent facilitating centre was set up by department of science and technology under Technology Information Forecasting and Assessment Council (TIFAC) in 1995.
Apart from that there are many attorneys and law firm of Intellectual property in India in various states such protection plays a key role in gaining an advantageous position in the competitive technological market for achieving economic growth.