IPR Infringement

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Home » IPR » IPR Infringement
IPR Infringement
Intellectual property is basically the property of that person who has produced it by his own labour, skill, judgment and hardwork. In recent times intellectual property has been considered as a medium for economic development. Hence people who wish to make progress sometimes use the intellectual property of other as their own. This unauthorized use of property causes damage and injury to the person and intellectual property of others. It is called the infringement of intellectual property rights. In other words, the unauthorized use of anothers intellectual property by a person is called the commercial exploitation of property. Sometimes a person himself exploits or violates his own intellectual property. For e.g. a patentee may himself exploit the patent or assign his rights or license them to others for a huge price or on a royalty basis, a registered design or copyright can also be exploited in the same manner. However commercial exploitation of registered trademark to use it on a royalty basis is not permissible except by registration of licensee as a registered user under very strict conditions prescribed by the law. Although specific rules and regulations lays down the rights refereed as the exclusive right to use the patent, apply the design, use the trademarks, in practice the statute mainly confers the right to prevent the competitors or other individuals from infringing the rights conferred through intellectual property. Business Query Form