ECONOMICS (CBSE/UGC NET)

ECONOMICS

PROPERTY RIGHTS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
International Patent Classification (IPC) is a general term covering patents, copyrights, trademarks, industrial designs, geographical indications, protection of layout design of integrated circuits and protection of undisclosed information (trade secrets).
A
VIRUS
B
VACCINE
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Structure of the IPC The IPC is a hierarchical system in which all technical knowledge for the field of inventions is divided into sections, classes, subclasses, main groups and subgroups, in descending order of hierarchy.

Detailed explanation-2: -The patent classification is a way of defining the technical field of an invention. At present, the two most popular patent classification systems are the International Patent Classification (IPC) and the Cooperative Patent Classification (CPC). The patent classification helps you to conduct searches in our databases.

Detailed explanation-3: -The Cooperative Patent Classification (CPC) is an extension of the IPC and is jointly managed by the EPO and the US Patent and Trademark Office. It is divided into nine sections, A-H and Y, which in turn are sub-divided into classes, sub-classes, groups and sub-groups.

Detailed explanation-4: -The International patent classification, abbreviated as IPC, was established by the Strasbourg Agreement of 1971. It creates a hierarchical system of language-independent symbols for the classification of patents and utility models according to the different technical fields to which they belong.

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