Advanced Intellectual Property Rights
IPRs play a crucial role in the cultural, social, and economic development of a country.
Note: 0/5 (0 notes) 615 students
Instructor(s): Management Study Guide
Intellectual Property Rights or the protection of Intellectual Property plays a pivotal role in attaining widely shared objectives, both for the creator of the intellectual property as well as for the society at large.
In fact, IPRs play a crucial role in the cultural, social, and economic development of a country.
So, how exactly just protecting intellectual property or Intellectual Property Rights or IPR help in such development?
A ‘copyright’ allows the creative work of artists, singers, authors, film makers, software developers etc. To protect their original created work and the enjoy the benefits of their creation for a specified period of time after which the creation becomes available for public use.
•So, how many times have you enjoyed a movie in a theatre or listened to a lovely song?
•You can well understand that arts, music and such creative works continue to enhance the culture of your country.
•How would the culture of a country without such creative works look like?
•It would look barren and empty.
•Hence, it is crucial that the creators of such beautiful works that add color and vigor to a country’s culture should be provided by certain benefits so that they can also enjoy the fruits of their labor.
•This benefit is provided to the creator by a ‘copyright’.
•So, a ‘copyright’ works both in the favor of the creator as well as preserve and foster the artistic culture of the country.
‘Patents’ as an IPR are chiefly use to protect innovations and inventions across a diverse range such as high-tech products, industrial designs, manufacturing processes, and bio-molecular compounds.
Similar to a copyright, a patent also provides the inventor the specified but privilege right to his/her invention, innovation or discovery.