GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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rights given to persons over the creations of their minds
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independent firms which act as export sales departments for non-competing manufacturers
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agreement where one company, the licensor, makes an asset available to another company, the licensee, in exchange for some form of compensation
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ability to compete and participate on the global market
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act of a student pursuing educational opportunities abroad
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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: -Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.
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: -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-5: -Intellectual Property (IP) refers to the protection of creations of the mind, which have both a moral and a commercial value. IP law typically grants the author of an intellectual creation exclusive rights for exploiting and benefiting from their creation.