ECONOMICS
PROPERTY RIGHTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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patent, trademark, copyright, trademark, trade secret
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patent, trademark, copyright, industrial design, geographical indication
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patent, trademark, corporate, trade secret
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patent, trades, copyright, trade secret
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Detailed explanation-1: -WHAT IS AN IPR? Intellectual Property Rights are legal rights, which result from intellectual activity in industrial, scientific, literary & artistic fields. These rights Safeguard creators and other producers of intellectual goods & services by granting them certain time-limited rights to control their use.
Detailed explanation-2: -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-3: -In India, there are 7 types of intellectual property rights, namely – copyright, trademarks, patents, geographical indications, plant varieties, industrial designs and semiconductor integrated circuit layout designs.
Detailed explanation-4: -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-5: -Copyrights. Copyrights provide authors and creators of original material the exclusive right to use, copy, or duplicate their material. Trademarks. Franchises. Trade Secrets. Digital Assets.