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    Intellectual Property

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    Asma Azam
    Intellectual property refers to creations of the mind such as inventions, artistic works, and designs. IP is protected by law through patents, copyrights, and trademarks to enable people to earn recognition or financially benefit from what they create. The IP system aims to foster creativity and innovation by balancing the interests of innovators with the public's interests. In Pakistan, IP laws are often violated with impunity despite an organization established to enforce IP rights and monitor violations under the Prime Minister's supervision. Common types of intellectual property include patents, copyrights, trademarks, and trade secrets.

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    Intellectual Property

    Uploaded by

    Asma Azam
    89 views3 pages
    Intellectual property refers to creations of the mind such as inventions, artistic works, and designs. IP is protected by law through patents, copyrights, and trademarks to enable people to earn recognition or financially benefit from what they create. The IP system aims to foster creativity and innovation by balancing the interests of innovators with the public's interests. In Pakistan, IP laws are often violated with impunity despite an organization established to enforce IP rights and monitor violations under the Prime Minister's supervision. Common types of intellectual property include patents, copyrights, trademarks, and trade secrets.

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    Intellectual property refers to creations of the mind such as inventions, artistic works, and designs. IP is protected by law through patents, copyrights, and trademarks to enable people to earn recognition or financially benefit from what they create. The IP system aims to foster creativity and innovation by balancing the interests of innovators with the public's interests. In Pakistan, IP laws are often violated with impunity despite an organization established to enforce IP rights and monitor violations under the Prime Minister's supervision. Common types of intellectual property include patents, copyrights, trademarks, and trade secrets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    89 views3 pages

    Intellectual Property

    Uploaded by

    Asma Azam
    Intellectual property refers to creations of the mind such as inventions, artistic works, and designs. IP is protected by law through patents, copyrights, and trademarks to enable people to earn recognition or financially benefit from what they create. The IP system aims to foster creativity and innovation by balancing the interests of innovators with the public's interests. In Pakistan, IP laws are often violated with impunity despite an organization established to enforce IP rights and monitor violations under the Prime Minister's supervision. Common types of intellectual property include patents, copyrights, trademarks, and trade secrets.

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    © All Rights Reserved
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    Intellectual Property Rights

    Intellectual Property (IP) refers to creations of the mind, such as inventions,


    literary and artistic works, designs and symbols and names and images used in
    commerce.
    IP is protected by law, for example, patents, copyright and trademarks, which
    enable people to earn recognition or financial benefits from what they invent or
    create. By striking the right balance between the interests of innovators and the
    wider public interest, the IP system aims to foster an environment in which
    creativity and innovation can flourish.
    World Intellectual Property Rights Day is celebrated worldwide on 26th April with
    great enthusiasm, but in Pakistan it goes mostly unnoticed. IPR laws are flouted
    with impunity.
    To enforce IPR and to monitor those who violate the law, the government has
    established an Intellectual Property Rights organization, which is a regulatory cum
    service body, under the administrative control of the Cabinet Division and is
    directly under the supervision of the Prime Minister of Pakistan.

    Types of Intellectual Property Rights:


    Common types of intellectual property rights are:
    patents, copyrights, trademarks, trade dress, and in some jurisdictions trade secrets.
    There are also more specialized varieties, such as circuit designs and industrial
    design rights, supplementary protection certificates for pharmaceutical products
    and database rights.

    1. Copyrights
    Copyrights protect original works of authorship, such as literature, music, artistic
    works, and computer software. As the holder of a copyright, you have the
    exclusive right to reproduce, adapt, and distribute the work. A copyright exists
    from the moment the work is created, so registration is voluntary.

    2. Patents
    A patent grants property rights on inventions, allowing the patent holder to exclude
    others from making, selling or using the invention.
    There are 3 types of patents: utility, design and plant. A utility patent is the most
    common type, and it covers any process, machine, article of manufacture, or
    composition of matter, or any new and useful improvements thereof.
    To qualify for a utility patent, the invention must be novel, non-obvious, and have
    some usefulness.
    A design patent covers any new, original, and ornamental design for an article of
    manufacture, while a plant patent covers any new variety of asexually-produced
    plant. A design patent lasts 14 years, and a utility or plant patent lasts 20 years.

    3. Trademarks
    A trademark is a word, phrase, symbol, or design that distinguishes the source of
    the goods of one business from its competitors. For example, the Nike "swoosh"
    design identifies shoes that are made by Nike.
    Although rights in trademarks are acquired by use, so before registering your
    trademark, you should conduct a search of federal and state databases to ensure a
    similar trademark doesn't already exist.
    To apply, you must have a clear representation of the mark, as well as an
    identification of the class of goods or services to which the mark will apply.

    4. Trade Secrets:
    A trade secret is a formula, process, device, or other business information that
    companies keep secret to give them an advantage over their competitors.

    Examples of trade secrets are: soda formulas, customer lists, survey results, and
    computer algorithms. Unlike the other types of intellectual property, you can't
    obtain protection by registering your trade secret. Instead, protection lasts only as
    long as you take the necessary steps to control disclosure and use of the
    information.
    Businesses use non-disclosure agreements, restricted access to confidential
    information, post-employment restrictive covenants, and other security practices to
    maintain trade secrets.

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