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A Detailed Look On Intellectual Property Rights And Its Expiry Of Registration

Intellectual Property Rights (IPRs) – these are the rights that can be said to the one related to intangible property owned by a company or an individual. These rights prevent any third party from using them without the consent of the owner.For any business intending to establish its presence in India, it is very important to protect and manage intellectual property rights (IPR). Of course, it is the most essential step here.

Whether it is TM registration, patent protection, or design registration, managing intellectual property is a significant ongoing activity.

Intellectual Property Rights – What are the components?

Copyright – This term is related to the rights of the authors or creators of literary and artistic works. In India, copyright protection extends throughout the entire lifetime of the author and 60 years after his death.

Trademarks – Typically, a trademark can be a word, name, sound, color, symbol, or anything that identifies and differentiates a brand from others. Trademark is the most important asset for all businesses. The trademark has its validity for ten years that starts from the date that the certificate is issued. Trademark renewal will be done after the payment of the prescribed fees.

Patents - Patent law generally protects the ideas which are embodied in inventions. If a process/product has its patent right, it is not possible to commercially distribute, produce, use, or sell without the consent of the owner of the patent. Patent rights once granted are valid for a period of 20 years. And then it requires renewing every year after the third year of the date of application.

Designs – design registration gives the exclusive rights to the creator and the owner. With this registration, the creator and owner is empowered to use the design for a validity period of ten years.

Developing an understanding on what your intellectual property rights protect and when it lapse and expire is very important. As these assets do not last forever, you should contact experts in the brand register and take steps to maintain to enforce the protection.

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