IPR

With the rapid globalization and opening up of the Indian economy, “Intellectual Property” has become one of the key wealth drivers in the present international trade. Intellectual Property Rights have also acquired importance for the reason that India itself is a huge market because of its vast geography, population and constantly increasing purchasing power of its people.

India being a member of World Trade Organization (WTO) is also a signatory to TRIPS Agreement. It is pertinent to note that Indian Statutes pertaining to the Intellectual Property are now TRIPS compliant.

India has enacted laws covering various aspects of Intellectual Property as enumerated herein below:

Trademarks

Patents
Copyrights and related rights
Industrial Designs
Geographical Indications

Lay out Designs of Integrated Circuits

Plant varieties

Data Protection, Technology Transfer and Trade Secrets

 

Broadly, the following Statutes deal with the above matters relating to Intellectual Property:

The Trade Marks Act, 1999[1]
The Patents Act, 1970[2]
The Copyright Act, 1957[3]
The Designs Act, 2000[4]
The Geographical Indications of Goods (Registration and Protection) Act, 1999[5]
The Semiconductor Integrated Circuits Layout-Design Act, 2000[6]
The Protection of Plant Varieties and Farmers’ Right Act, 2001[7]
The Information Technology Act, 2000[8]

The Indian Contract Act, 1872

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