Bokaro: A bi-sessional workshop on Intellectual Property (IP) Rights was organized by GGSESTC, Engineering and Management College, Bokaro. The workshop’s resource person, advocate Pallavi Prasad, stressed the importance of raising awareness about ways and methods to protect intellectual property among engineers and other professionals.
What Are Intellectual Property Rights?
Intellectual property rights are legal rights that provide creators protection for original works, inventions, or the appearance of products, artistic works, scientific developments, and so on. There are four types of intellectual property rights (IP): patents, trademarks, copyrights, and trade secrets.
Types of Intellectual Property Rights
Patent
A patent is used to prevent an invention from being created, sold, or used by another party without permission. Patents are the most common type of intellectual property rights that come to people’s minds when they think of intellectual property rights protection. A Patent Owner has every right to commercialize his/her/its patent, including buying and selling the patent or granting a license to the invention to any third party under mutually agreed terms.
There are three different categories that patents can fall under:
- Utility: A utility patent protects the creation of a new or improved product, process, composition of matter, or machine that is useful.
- Design: A design patent protects the ornamental design on a useful item.
- Plant: A plant patent protects new kinds of plants produced by cuttings or other means.
