Intellectual property (IP) is a term referring to a number of distinct types of creations of mind for which a set of exclusive rights are recognized and the corresponding fields of law.
Common types of IP include:
??? Patent Rights
??? Confidential Information
??? Cyber Intellectual property
??? Geographical Indications etc.,
OBJECTIVES OF INTELLECTUAL PROPERTY
1. Financial Incentives
2. Economic growth
GROWTH OF INTELLECTUAL PROPERTY
The scope of Intellectual Property is fast expanding. The statutory laws relating to intellectual property in India is undergoing changes to harmonize with the agreements on GATT (General Agreement on Trade and Tariff), TRIPs (Trade Related Aspects of IPR) and Biological Diversity Act 2002.
IP is thus one of the fastest growing branches of law today all over the world. Now broadcasting, cable casting, telecasting rights, internet websites and cyber space facilities have become part of Intellectual Property.
Let us see some important aspects related to it further