Intellectual Property Rights (IPR) refers to the legal ownership of an invention/discovery which protects the owner against unauthorized copying or imitation.

PROPERTY RIGHTS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	VIRUS
B	VACCINE
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -Intellectual property rights (IPR) refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time. [1] These legal rights confer an exclusive right to the inventor/creator or his assignee to fully utilize his invention/creation for a given period of time.

Detailed explanation-2: -Patents. A patent is an exclusive right granted for an invention.

Detailed explanation-3: -Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.

Detailed explanation-4: -Copyrights, trademarks, patents, and trade secrets are the four primary types of intellectual property protection.

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ECONOMICS (CBSE/UGC NET)

ECONOMICS

PROPERTY RIGHTS