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Introduction
Intellectual Property Rights (IPR) is statutory
expression to the moral and economic rights of creators
in their creations. Intellectual property rights
safeguard creators and other producers of intellectual
goods and services by granting them certain time-limited
rights to control the use made of those productions.
These rights also promote creativity and the
dissemination and application of its results and
encourage fair-trading, which contributes to economic
and social development.
Intellectual Property is a complex issue. Intellectual
Property Laws, as the name suggests, is the creation and
outcome of the human intellect. Rights attached to such
creation of property from the human mind are referred to
as IPR.
IPR is not a modern concept; its roots can be traced
back in the 15th century when invention of the printing
press enabled copying of literary works. That was the
beginning of the journey of IPRs that has now taken a
global shape in the form of World Intellectual Property
Organisation (WIPO) and Trade Related Intellectual
Property Rights (TRIPS) Agreement.
The importance of intellectual property rights can be
gauged from the fact that almost every country including
India has specific laws to protect the various forms of
intellectual property.
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