{"id":51088,"date":"2019-08-10T11:23:53","date_gmt":"2019-08-10T05:53:53","guid":{"rendered":"https:\/\/blogadmin.forumias.com\/?page_id=51088"},"modified":"2019-08-10T11:24:02","modified_gmt":"2019-08-10T05:54:02","slug":"answered-what-do-you-understand-by-intellectual-property-rights-discuss-how-india-should-manage-intellectual-property-rights-issues-in-india","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/answered-what-do-you-understand-by-intellectual-property-rights-discuss-how-india-should-manage-intellectual-property-rights-issues-in-india\/","title":{"rendered":"[Answered] What do you understand by intellectual property rights? Discuss how India should manage intellectual property rights issues in India?"},"content":{"rendered":"\n
Demand of the question<\/strong>
Introduction.<\/strong> What are intellectual property rights?
Body. <\/strong>IPR policy and how India should manage IPR?
Conclusion. <\/strong>Way forward. <\/td><\/tr><\/tbody><\/table>\n\n\n\n

Intellectual Property Rights (IPRs) are legal rights over intangible creations, innovation and discovery in the industrial, scientific, literary and artistic fields. The most well-known types are copyrights, patents, trademarks, and trade secrets. The main purpose of intellectual property law is to encourage the creation of a wide variety of intellectual goods. <\/p>\n\n\n\n

Aims of IPR Policy in India:<\/strong><\/p>\n\n\n\n

  1. The National IPR Policy aims to\ncreate and exploit synergies between all forms of intellectual property (IP),\nconcerned statutes and agencies.<\/li>
  2. It aims to incorporate and adapt\nglobal best practices to the Indian scenario.<\/li>
  3. It aim to develop strong and\neffective IPR laws, which balance the interests of rights owners with larger\npublic interest.<\/li>
  4. It also focus on modernising and\nstrengthening service-oriented IPR administration.<\/li>
  5. It aim to strengthen the enforcement\nand adjudicatory mechanisms for combating IPR infringements.<\/li>
  6. It strive to strengthen and expand\nhuman resources, institutions and capacities for teaching, training, research\nand skill building in IPRs.<\/li>
  7. The Policy aims to push IPRs as a\nmarketable financial asset, promote innovation and entrepreneurship, while\nprotecting public interest.<\/li>
  8. Special thrust is on awareness\ngeneration and effective enforcement of IPRs, besides encouragement of IP\ncommercialisation through various incentives.<\/li><\/ol>\n\n\n\n

    Issues with the current policy:<\/strong><\/p>\n\n\n\n

    1. Policy could be a deterrent to\ninnovation by restricting knowledge flow.<\/li>
    2. IPR policy is driven by the protecting\nowner\u2019s rights. This may jeopardise public interest.<\/li>
    3. While IP could accelerate innovation\nin certain technologies it in turn impedes in others through monopoly over\ncertain creations. <\/li>
    4. Policy recommends scientist and\nprofessors to convert all their discoveries. This may lead to rush and could\nimpact creativity.<\/li><\/ol>\n\n\n\n

      How India should manage intellectual\nproperty rights?<\/strong><\/p>\n\n\n\n

      1. The government should partner with\nindustry and academics to identify various intellectual property rights issues.<\/li>
      2. Clear incentives should be provided\nto firms to invest in research and development through safeguarding their\nproperty and innovation.<\/li>
      3. Effective regulatory regimes should\nbe encouraged to support intellectual property and the longer term investments\nof firms.<\/li>
      4. Aim should be to develop a knowledge-led\neconomy where innovation and IP should stimulate productivity, push economic\ngrowth.<\/li>
      5. For innovation to thrive, the\ngovernment policies must support IP and a sound legal and regulatory framework\nto be able to accommodate an efficient IP system.<\/li>
      6. Public awareness should be created about\nthe economic, social and cultural benefits of IPRs among all sections of\nsociety.<\/li>
      7. Fostering an environment where\ninnovation flourishes and a knowledge economy is built, is the key idea. Hence,\nthe policy should have a balance.<\/li>
      8. It should encourage patenting and at\nthe same time ensure that patentability of a product\/process does not deter\nfurther innovation and progress.<\/li>
      9. It needs to safeguard its patents,\ncopyrights and traditional knowledge by ensuring easy IPR rules.<\/li><\/ol>\n\n\n\n

        IPR are important to protect creators right and provide incentives which encourage innovation, which in turn enhances the quality of human life. The promotion and protection of intellectual property spurs economic growth, creates new jobs and industries, and enhances the quality and enjoyment of life. Thus IPR rules is important not only for individual or an organisation but for whole humanity. What is needed is balance between profits of the organisation and needs of the poor through IPR for limited time.<\/p>\n","protected":false},"excerpt":{"rendered":"

        Demand of the question Introduction. What are intellectual property rights? Body. IPR policy and how India should manage IPR? Conclusion. Way forward. Intellectual Property Rights (IPRs) are legal rights over intangible creations, innovation and discovery in the industrial, scientific, literary and artistic fields. The most well-known types are copyrights, patents, trademarks, and trade secrets. The… Continue reading [Answered] What do you understand by intellectual property rights? Discuss how India should manage intellectual property rights issues in India?<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":49132,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-51088","page","type-page","status-publish","has-post-thumbnail","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/51088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=51088"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/51088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/49132"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=51088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}