MANAGEMENT

BUISENESS MANAGEMENT

LEGAL ISSUES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Infringement of intellectual property is ____
A
a business tactic
B
a crime
C
profitable
D
legal in some states
Explanation: 

Detailed explanation-1: -Well, the answer is yes. IPR rights can be protected by both civil and criminal mechanisms. However, only the trademark act and copyright act have provided criminal remedies in case of infringement.

Detailed explanation-2: -’ It mentions about imprisonment for a term not less than six months which may extend up to 3 years, and a fine of not less than 50, 000 rupees which may extend up to 2 lakh rupees, as punishment if found guilty in a copyright infringement case.

Detailed explanation-3: -Intellectual property infringement is the violation of an intellectual property right. For example, creating a listing using a third party’s image, trademark, logo, design, etc., without the appropriate permission from the intellectual property rights owner, can constitute intellectual property infringement.

There is 1 question to complete.