Author: Abhiruchi Lakras - a student of Government Law
College, Nagpur
Patents, trademarks, copyrights, etc. are intangible assets
majorly contributing to the growth of a nation, especially in terms
of science and technology. The article discusses the implications
of such conflict on its Intellectual Property rights.
Patents, trademarks, copyrights, and designs form the umbrella
of legally obtained Intellectual Property Rights (IPR). These are
intangible assets provided with IPR for a specific time period to
ensure exclusive use. The object is to push a nation towards
innovation and growth, in a healthy yet competitive environment.
They form an integral part of the area of innovation, technology,
and international trade. With the advent of rules and regulations
in policing and registering these, the other side works on selling,
reproducing,g and use of such IPR illegally, which is broadly
termed as piracy and counterfeiting.
