MANAGEMENT

Detailed explanation-1: -the most important type of intellectual property right is copyright since it governs the rights in and to the artist’s art. However, for some artists, it might be a combination of one or more intellectual property rights along with the copyright.

Detailed explanation-2: -Inventors, designers, developers and authors can protect the ideas they have developed, for instance by means of copyright or patents. The aim is to prevent others from wrongly profiting from their creations or inventions. It also gives them an opportunity to earn back the money they invested in developing a product.

Detailed explanation-3: -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-4: -The Intellectual Property Law protects artists from such people and gives them the right to protect their creativity. When applying the intellectual property law, the artist sets boundaries to their creations and declares the extent or terms within which the creation can be used or accessed.