– India joined World Trade Organisation (WTO) in 1995 and became signatory of the agreement on Trade Related Intellectual Property Rights (TRIPS)
– Intellectual property is one of the forms of intangible property which commands greater material value which can be valued higher than the value of tangible assets or property.
– Legislations under Intellectual Property ?
Broadly, intellectual property is divided into three categories.
The first category covers industrial property, which includes patents, industrial designs and trademarks., all of which have industrial applications.
The second refers to copyright laws, which are applied to literary, musical , dramatic and artistic works; the production of Cinematographic and Sound recording rights ( which are derivative works ) and rights of broadcasters and Performers Rights conferred as special rights by the statute in their radio and television programs recording.
And the third category is for protection and enforcement of Bio diversity , Plant variations etc. Statutes covering comprehensively given herein below :
* Trade & Service Marks
* Industrial Designs
* Protection of Integrated Circuits Layout Designs
* Protection of Trade Secrets
* Biological Diversity
* Plant Variations & Farmers Rights
* Geographical Indications of Goods etc.
– How does intellectual property affect the global economy?
Intellectual property is vital to the growth of both developing and established economies around the world. Most of the countries in the world have system of intellectual property protection and enforcement because it encourages innovation and creativity. Strong protection of intellectual property encourages creativity and innovation by native and foreign parties.
– The First Indian Patent-“An Efficient Punkah (Fan) Pulling Machine”.
History of Patent law in India starts from 1856. The first legislation in India relating to patents was enacted almost 150 years ago, which was called as the Act VI of 1856. For grant of exclusive privileges for the invention of – “An Efficient Punkah Pulling Machine“, George Alfred DePenning, a civil engineer, of Calcutta petitioned to the Government of India on March 3, 1856.
As per records , this petition was the first to be filed under this Act, and was officially numbered in the register as No.1 of 1856. These were accepted and the invention was granted the first ever Intellectual Property protection in India. The inventor De Penning submitted further two more petitions for the inventions that he had made in the same year which was granted by the Calcutta Patent office. From Conventional to Invention ….
– First Patent Act in India ?
On 28 February 1856, the Government of India promulgated legislation to grant what was then termed as ‘exclusive privileges for the encouragement of inventions of new manufacturers” herein referred as “Patents Act”.
– Which country passed the first IPR law ?
The First Intellectual Property law was passed in Venice in the year 1474 (15th Century). In early 17th century England followed suit and in 1624 passed the Statute of Monopolies which granted intellectual property to the inventors for a limited period.
– Which is the First International convention held in IPR system (known today) to streamline globally ?
The Intellectual Property as we know today commenced with the birth of the Paris convention for the protection of Industrial Property in 1883. The said Paris convention made it approachable for individuals and entities of different nations to obtain protection globally. Taking it forward this convention was followed by the Berne convention for the protection of Literary and Artistic works.
The present status of IP Systems in India is quite positive and National IPR Policy by Department of Industrial Policy & Promotion is the justification to it , with its clear Vision, Mission & Objectives statements particularly integrating IP augmentation with Government initiatives of “Make in India” & “Digital India” concepts.