★ What is IPR? ★
The tangible assets, such as movable or immovable properties, are well-defined and primarily exist in physical form. In contrast, intellectual property (IP) represents a distinct category of intangible assets, which do not have a physical presence. These assets originate from the creativity and intellect of individuals or groups, and are protected through the grant of exclusive rights for a specific duration.
In India, the responsibility for administering intellectual property rights—including the granting, revocation, and modification of IP—is vested in the Office of the Controller General of Patents, Designs and Trademarks (CGPDTM), under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
★ Types of IPR ★
🧠 The Patent Rights
Protection of new inventions in technical fields. Valid for 20 years from filing. Territorial rights governed by national law.
🏷️ The Trade Marks Rights
Protects brand identifiers like logos and names. Valid for 10 years and renewable. Includes recognition of well-known marks.
📚 The Copyright
Governs literary, musical, and artistic works. Valid for creator’s life + 60 years. Rights can be transferred to heirs.
🎨 The Designs Rights
Protects visual and ergonomic product design. Valid for 10 years + 5-year extension. Covers ornamental elements of products.
🌾 Geographical Indication (GI) Rights
Protects region-specific products by community ownership. Valid for 10 years, renewable. Not for individuals.
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