An overview on the Management of Intellectual Property in Pharmaceutical Industries on Drug Patent Specification with the support of IPR -A Glimpse

  • Unique Paper ID: 171751
  • Volume: 11
  • Issue: 8
  • PageNo: 904-907
  • Abstract:
  • Intellectual property (IP) is a term referring to a brand, invention, design or other kind of creation, which a person or business has legal rights over. Almost all businesses own some form of IP, which could be a asset. IP rights can be enforced by bringing actions to the civil courts or through criminal prosecution. India’s IP laws set out procedures for both civil and criminal proceedings, as does the Competition Act. Criminal proceedings do not apply to patent and design infringements. . These rights are outlined in Article 27 of the Universal Declaration of Human Rights, which provides for the right to benefit from the protection of moral and material interests resulting from authorship of scientific, literary or artistic productions. Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. This paper also deals with the history of IPR, objectives & types of IPRs. Intellectual property rights (IPR) have been defined as ideas, inventions, and creative expressions based on which there is a public willingness to bestow the status of property.

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