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ARTICLE · 28 NOVEMBER 2017

IPR Exchange India: A Business Case For IPR

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Intellectual property is the outcome of human genius, creativity and the power of imagination. IP relates to inventions, new designs, brands and artistic works.

IndiaIntellectual Property
Monika Shailesh
Monika Shailesh
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Introduction

Intellectual property is the outcome of human genius, creativity and the power of imagination. IP relates to inventions, new designs, brands and artistic works. IPR provides a way to protect the Intellectual Property of an individual or an organization. IPRs are geographical in nature and provide exclusive rights for certain duration. These rights can include Copyrights, Patents, Trademarks and Trade secrets. Lately, the world has seen a very bitter war between various players in the technological industry over the intellectual property rights. Google and Oracle entered into a fierce fight over the patent and copyright relating to the JAVA programming and ended in decisions that denied outright victory to either firm. Giant organizations like Samsung, Apple, Sony, Yahoo etc. are in a state of constant war with each other and other players, on the IPR front. Accusations abound that innovation is taking a back seat to litigation. The current situation thus

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