Intellectual property is a person’s invention or creativity, including any artistic work, idea, design, symbol, or image that a corporate entity or individual uses. Intellectual property rights are the laws that protect these properties.
An IPR lawyer has the skills and expertise to secure IPR rights. To convert these tricky processes of IPR protection into a smooth one, an IP law firm can help with an end-to-end solution. Various laws are there, which protect IP under different categories, such as The Trade Marks Act 1999, The Copyrights Act, 1957, The Patents Act 1970, The Designs Act, 2000, The Geographical Indications of Goods (Registration & Protection) Act, 1999; etc.
IPR Law Firms provide the best intellectual property lawyers to give security to your inventions, who are experts in handling all the legal formalities.
What is IPR?
Intellectual property rights are the rights that protect the creation/invention of a person. These are the rules regulating the use of Intellectual property. IPR protects the use of information and idea that holds any commercial value.
The need for a law of protection emerges to provide the legal protection, encourage the creators, facilitate fair trading, commend the creator, and prevent the infringement of intellectual property rights. IPR gives the power to control the use of his/her/their creations.
The Government of India introduces rules, regulations, and policies that one must go through to understand the importance of IPRs.
Types of Intellectual Property Rights in India
The Indian Government has categorized intellectual properties into four major types, which are as follows-
Trademarks
It is a type of IP that incorporates a recognizable sign, design, or expression which gives a product or service a specific identity. The owner of a trademark can be an individual, a firm, or a legal entity.
A person can identify a brand owner through its trademark on goods or services. To protect the rights and for prevention of infringement of the trademark, the owner should register it under the Trademark Act, 1999 – Registration procedures.
Copyright
The copyright holder gets exclusive and legal rights to the original work of authorship, like a literary work, movie, song, or software.
The person will get the right to use, reproduce, distribute copies, perform and display the work publicly. The need for copyright arises to induce and reward authors and to create new work by granting them the rights that protect their creations against the theft and unauthorized use.
Trade secrets
It is right on confidential Information that can be sold or licensed, and it can be any commercial, technical information, or formula/method to develop something. In India, there is no standard law to protect trade secrets.
That is why the common laws of the Indian Government govern the rule and regulation of trade secrets. The three main elements of trade secrets are-
- Reasonable efforts to conceal Information from the public
- It must have intrinsic economic value.
- A trade secret must contain some information.
Patents
A patent is a right that Government provides to the inventor to stop other people from manufacturing, using, or selling the invention without consent for a specific period. A patent must be new to the public, involve an invention, and be capable of industrial application.
If an invention is a discovery, scientific theory, a method for playing a mental game or doing business, a presentation of some projects, and any other abstract exposure, it is not patentable.
Benefits of Intellectual Property Rights
Intellectual Property rights safeguard a person’s Inventions and provide economic value to them. Following are some of the advantages of IPR-
- To make an idea money-maker- A person can create his own business using intellectual property. He can get a license for his inventions or sell them to various business firms for a flow of income.
- Boost Business Growth- An IP helps to generate income for a business in many ways. An entity can lend these rights for a fixed income and earn a lump sum amount by selling these rights. IP can enhance your business value in case of merger & acquisition.
- Advertise your brand, products, or services – It can differentiate your products/services from others in the market, creating an image of your business in customers’ minds. They help to promote the brand name of a firm.
- Increment in export opportunities- IP can enhance franchising agreements with overseas companies. It also helps to market your goods/services in the foreign market.
- Raises funds- An entity can use them as collateral security to raise funds through debt financing. It is advantageous in Government or public funding like grants, subsidies, etc.
Services by Our Expert IPR Lawyers
To protect your rights, our IPR lawyers will assist you in every possible way. We provide a variety of services to protect your various intellectual property rights. We offer the following category of services as an IP law firm-
- Documentation- Drafting patents, Document preparation that helps protect IP, Drafting various entertainment deals, drafting IP protection agreements, etc.
- Filing – Filing applications for patents, trademarks, and designs, filing Trademark clearance search papers, and many more.
- Curation – It means protection. It includes file track analysis, office action response, etc.
- Commercialisation- It consists of Infringement analysis, IP valuation, Evidence of use charts, Competitor analysis, etc.
Our Intellectual Property Lawyers provide these services and help protect your creations’ legal rights from any rip-off or illicit use.
Contact Us for the Best Assistance
If you are searching for an IP lawyer to tackle your legal work relating to your creations, we are here for you. We—Lexiconseillor, are one of the IPR Law firms that provide legal assistance to you regarding protecting your rights.
We have highly qualified and experienced IPR lawyers in our firm, and our firm handles all types of registration and filing services. You can submit your queries on the official website. Our IPR lawyer provides complete guidance to clients and our firm is updated with the latest laws and ensures that our clients have comprehensive guidance.