1. CONCEPT OF IP
, IPR 1
CONCEPT OF INTELLECTUAL PROPERTY,
INTELLECTUAL PROPERTY PROTECTION,
INTELLECTUAL PROPERTY RIGHTS
2. INTELLECTUAL PROPERTY
• Intellectual property (IP) refers to any Intellectual creation
of mind.
• 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.”
• Intellectual Property laws give people the right to own and
profit from their artistic, scientific and technological creations
for a designated period of time.
CONCEPT OF IP
, IPR 2
3. • Inventors are granted to a variety of intangible assets, such as
ideas, business methods, inventions, musical piece, literary
work, artistic works, discoveries, words, phrases, symbols,
and designs.
• For the IPR there are certain protection tools designed such as
patent, copyright, trademark, industrials rights design etc.
• Such protection is known as Intellectual Property
Protection (IPP).
• The IPR are the legal rights granted by the government or
governing council which allows the owner of the intellectual
property to completely take benefit of the work commercially
for a certain period of time.
CONCEPT OF IP
, IPR 3
4. OBJECTIVE OF IPR
CONCEPT OF IP
, IPR 4
The primary objective is to encourage inventions
by promoting their protection and utilization so as
to contribute to the development of Industries and
promote technological innovation .
It helps in protecting the
ownership and originality
of the individuals creation
They are provided
financial incentive for
the creation
5. TYPES OF IPR
Patent Trademarks Copyrights
Industrial
design
Geographical
Indication
CONCEPT OF IP
, IPR 5
6. INTELLECTUAL PROPERTY PROTECTION(IPP)
WHY INTELLECTUAL PROPERTY SHOULD BE PROTECTED
• Intellectual Property (IP) rights are valuable assets for a business
possibly among the most important ones it possesses.
• The protection of IP can set a business apart from the competitors
• It can be sold or licensed, providing an important revenue stream,
offer customers something new and different and form an essential
part of the marketing or branding
• WIPO (World Intellectual Property Organization) was established
by the WIPO Convention in 1967
CONCEPT OF IP
, IPR 6
7. CONCEPT OF IP
, IPR 7
•Efficient Intellectual Property
system have caused the
difference between developed
and under develop countries.
•Google and Microsoft
•the richest men of the world in
a very short period of time
through their intellectual assets.
One who is not able to protect
intellectual rights thereof may
face enormous financial loss.
Rapid growth in commercial
income resulting from
intellectual and artistic works
made a profitable sector
WHY?
8. • Developed states execute International Treaties to protect inventions,
original designs, trademarks, software, cinema and musical works,
scientific and literature works that are subject of Intellectual Property
in an International manner.
• The goal of Intellectual Property law is to encourage intellectual
production and to enable social and cultural development.
• Failure on adequate protection of Intellectual Property slows down
innovation and progress.
• An effective Intellectual Property protection is essential in order to
promote R&D investments, appeal to foreign capital and encourage
innovation.
CONCEPT OF IP
, IPR 8
9. PHARMACEUTICAL INTELLECTUAL PROPERTY (IP)
PROTECTION
In the context of pharmaceutical drug development, intellectual
property (IP) is protected by two independent terms.
The U.S. Patent and Trademark Office (USPTO) grants patents, while
the Food and DrugAdministration (FDA) grants market exclusivity.
Generally, pharmaceutical companies will file for multiple patents that
cover different areas of the drug (chemical structure, manufacture,
uses, etc.).
On the other hand, market exclusivity only begins once the drug has
been approved by the FDA, encompassing the whole drug product.
CONCEPT OF IP
, IPR 9
10. PATENT PROTECTION
Patent protection in the U.S. and many other countries lasts 20 years
from the application date.
The company can request up to 3 years of administration extension
(caused by delays in filing the patent) and another 5 years of
regulatory extension (caused by delays in FDA review), up to 28 years
in total.
Pharmaceutical companies tend to apply for patent protection as early
as possible to protect their drug candidates early in the development
stage, continuing to file for more patents that cover different areas of
manufacture, formulation and application if it continues to show
promise.
CONCEPT OF IP
, IPR 10
11. HOW INTELLECTUAL PROPERTY SHOULD BE
PROTECTED
• Intellectual Property can be protected by filling an application with
prescribed form and fees and detailing about your inventions, at
your earliest, with the respective Patent offices.
• The inventor may either file provisional or complete specification of
the invention.
CONCEPT OF IP
, IPR 11
12. IPR can be used as a tool to maintain balance in the market
ECONOMIC IMPORTANCE
Forbid the competitors or anybody from exploiting or
misuse the property without the permission of the
creator
To provide exclusive rights to the and to protect the
interest of the creator
The owner can decide the fair value and can sell them
to anyone.
This exclusive right can create a monopoly in the market.
CONCEPT OF IP, IPR 12
