What are intellectual property rights?
Intellectual property rights are the legal rights granted to
each individual by his creations such as poetry, art, designs and crafts.
Innovations and creations are also included in this
category. These rights protect the originality of the creators.
To prevent the theft of creators' creations, these rights
were imposed. It has worked wonders for people, as it saved the originality of
the content and gave credit to the owners.
Then, people began to recognize and respect original
talents. Rights are protected by law, and anyone found guilty of breaking the
law will be prosecuted by the government as a whole.
Types of intellectual property rights
Intellectual property rights are divided into four main
types.
Patent
Trademarks
Copyright
Trade secrets
1. Patent
Patents are exclusive rights granted to the creator or
founders of a particular innovation or creation to prevent plagiarism by
others. By virtue of this right, no third party can come forward and claim a
creation that initially belongs to another person.
To make sure that he has the patent rights, he must apply
for a patent and publish it publicly. Make it legally yours before someone says
it's theirs, and you'll be fighting for your creation for an extended period of
time.
Patent rights allow the creator to buy, sell or trade his
inventions to anyone, anywhere and at any time, and no one can question them in
return. It is his will to keep it or sell it for profit.
For example, a painter paints a painting and owns the patent
rights to it in his name, but chooses to sell it to someone for a living.
Therefore, the table belongs to you and no one else can copy it.
2. Trademarks
Trademarks are nothing more than the signs of a particular
company that are displayed everywhere. Nowadays, people have gotten so smart
that they even copy the signs of famous brands and launch their brands to make
money.
To save the creators or owners of companies, trademark rights were imposed. Whenever you plan to start a business, create a new logo
and tagline and register them under logo rights. Here we can take samples like
McDonald's, Dominos and many other brands. People try to copy the logo, but
because they have trademark rights, they stand out of legal danger.
Trademarks can be images, logos, cultures, or even slogans;
There is absolutely no distinction between the above items. Trademark rights
protect everything.
3. Copyright
Everyone is familiar with the term copyright. Copyright is
the basic rights that creators have over their arts and crafts.
Music, architecture, drawings, sketches, and even coding are
subject to these rights.
4. Trade secret
An entrepreneur has the trade secrets from him. The secrets
that helped him get to the top. To protect these secrets, the trade secrets law
has been brought to light.
Trade secrets protect a company's private information from
illegal sale.
Disclosure of a company's secret information is against
trade secret rights and, once convicted, you will face huge losses and legal
penalties.
Benefits of intellectual property rights
1. Creativity is rewarded
Due to intellectual property rights, people's creative ideas
are rewarded and plagiarism stops. Ordinary people began to attract attention
with their creativity and in most cases they made the locals proud.
For example, Sudarshan Patnaik made the whole nation proud
with his sand arts along the sea beaches. Also, budding singers entertain individuals
with their original songs and music.
2. Business opportunities are created
Artistes who have a unique talent for painting different
designs each time they sit down to paint have started selling their designs to
make money. Even authors sell content or publish books to make money.
Intellectual property rights have undoubtedly helped people start their
businesses and make a profit.
3. Competition can be avoided
People who are very talented in a exact field can excel and
don't have to think about competitions because not many people will know about
it. It's his secret talent
