Intellectual property protection
Intellectual property Rights | Intellectual property protection
Intellectual property rights are valuable assets for businesses. The Intellectual Property protection can set a business apart from the competitors. It can be sold or licensed, providing an important revenue stream, offer customers something new and different and form an essential part of the marketing or branding.
Intellectual property protection has become more and more important nowadays. Highly featuring scientific and technological improvement and establishing an efficient intellectual property system have caused the difference between developed and under-developed countries. The Intellectual Property protection is mainly formed to prevent infringement of patented invention from others.
Rapid growth in commercial income resulting from intellectual and artistic works made a profitable sector. Now, production of musical, cinema, literature works and computer software are major industries worth of billions of -USD.
The bosses of the major software giants like Google and Microsoft have become the richest men of the world in a very short period of time through their intellectual assets". One who is not able to protect intellectual rights thereof may face enormous financial loss.
Developed states execute international treaties to protect inventions, original designs, trademarks, software, cinema and musical works, scientific and literature works that are subject of Intellectual Property in an International manner. Failure on adequate protection of Intellectual Property slows down innovation and progress.
The goal of intellectual property law is to encourage intellectual production and to enable social and cultural development. An effective intellectual property protection is essential in order to promote R&D investments, appeal to foreign capital and encourage innovation.
Intellectual property can be protected by filling an application with prescribed form and fees and detailing about your inventions, at the earliest, in the respective Patent offices. Patent office is located at Kolkata, Mumbai, Chennai and Delhi. The inventor may make an application, either alone or jointly with another, or their assignee of the inventor or legal representative of any deceased inventor or assignee.