Intellectual Property Rights (IPR) safeguards a creator’s creation or innovation from
usage without permission.
IPR can
relate to
b
ooks, paintings, software, brand logo, etc.
If IPR assets are used without permission, it is considered
IPR infringement.
The
4 main types of IPR in India
are:
-Copyright
-Patents
-Trademarks
-Trade Secrets
Copyright
This protects
literary and artistic works
(e.g., books, music, movies, designs) from unsolicited distribution or copy.
Patents
To protect the innovation of gadgets, machines, chemical
compounds, etc.
E.g., Patents for
Tech and Pharma
company discoveries
Trademarks
Used for
brands, slogans, symbols
etc.
It confirms product/brand originality, fosters loyalty, and distinguishes it from competitors.
Trade secrets
Protects any
intellectual secret
that gives a business
competitive advantage
– e.g., a recipe, formula, design, process etc.
To know more, read:
Intellectual Property Rights – Types & Meaning