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INTELLECTUAL PROPERTY RIGHTS
BY : LALIT
M. PHARM (QUALITY ASSURANCE)
DELHI INSTITUTE OF PHARMACEUTICAL SCIENCE AND RESEARCH
CONTENTS
 Introduction
 Intellectual Property Rights
 Why Promote and Protect Intellectual Property
 Benefits
 Categories Of Intellectual Property
 World Intellectual Property Organisation (WIPO)
 Legislation Covering IPRS In India
 Patent
 Copyright
 Trademark
 Industrial Design
 Geographical Indication
 Economic Benefits Of IPR
 Role Of IP in Pharmaceutical Industry.
INTRODUCTION
 Intellectual Property (IP) pertains to
any original creation of the human
intellect such as artistic, literary,
technical, or scientific creation.
 Intellectual Property Rights (IPR)
refers to the legal rights given to
the inventor or creator to protect
his invention or creation for a
certain period of time.
WHAT ARE INTELLECTUAL PROPERTY
RIGHTS?
 Intellectual property rights are like any other property right.
They allow creators, or owners, of patents, trademarks or
copyrighted works to benefit from their own work or
investment in a creation. 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.
 The importance of intellectual property was first recognized in
the Paris Convention for the Protection of Industrial Property
(1883) and the Berne Convention for the Protection of Literary
and Artistic Works (1886). Both treaties are administered by
the World Intellectual Property Organization (WIPO).
WHY PROMOTE AND PROTECT
INTELLECTUAL PROPERTY?
1. The progress and well-being of humanity rest on its
capacity to create and invent new works in the areas
of technology and culture.
2. The legal protection of new creations encourages
the commitment of additional resources for further
innovation.
3. The promotion and protection of intellectual
property spurs economic growth, creates new jobs
and industries, and enhances the quality and
enjoyment of life.
4. The intellectual property system helps strike a
balance between the interests of innovators and the
public interest, providing an environment in which
creativity and invention can flourish, for the benefit
of all.
HOW DOES AVERAGE PERSON BENEFITS?
Intellectual property rights reward creativity and human
endeavour, which fuel the progress of humankind. Some
examples:
1. The multibillion dollar film, recording, publishing and
software industries – which bring pleasure to millions
of people worldwide – would not exist without
copyright protection.
2. Without the rewards provided by the patent system,
researchers and inventors would have little incentive
to continue producing better and more efficient
products for consumers.
3. Consumers would have no means to confidently buy
products or services without reliable, international
trademark protection and enforcement mechanisms to
discourage counterfeiting and piracy.
CATEGORIES OF INTELLECTUAL
PROPERTIES
Intellectual property can be divided
into two categories:
 Industrial Property includes
patents for inventions,
trademarks, industrial designs and
geographical indications.
 Copyright covers literary works
(such as novels, poems and plays),
films, music, artistic works (e.g.,
drawings, paintings, photographs
and sculptures) and architectural
design.
IP protection can be sought for a variety of intellectual efforts including:
 Patents
 Industrial designs relates to features of any shape, configuration, surface pattern,
composition of lines and colors applied to an article whether 2-D, e.g., textile, or
3-D, e.g., toothbrush.
 Trademarks relate to any mark, name, or logo under which trade is conducted for
any product or service and by which the manufacturer or the service provider is
identified. Trademarks can be bought, sold, and licensed. Trademark has no
existence apart from the goodwill of the product or service it symbolizes.
 Copyright relates to expression of ideas in material form and includes literary,
musical, dramatic, artistic, cinematography work, audio tapes, and computer
software.
 Geographical indications are indications, which identify as good as originating in
the territory of a country or a region or locality in that territory where a given
quality, reputation, or other characteristic of the goods is essentially attributable
to its geographical origin.
 Trade Secrets
WORLD INTELLECTUAL PROPERTY
ORGANISATION (WIPO)
Established in 1970, the World
Intellectual Property Organization
(WIPO) is an international organization
dedicated to helping ensure that the
rights of creators and owners of
intellectual property are protected
worldwide, and that inventors and
authors are therefore recognized and
rewarded for their ingenuity.
LEGISLATIONS COVERING IPRS IN INDIA
 PATENTS: The Patents Act, 1970 (Last amended
in 1999)
 DESIGN: The Designs Act, 1911 (A new Designs
Act 2000 has been enacted)
 TRADEMARK: The Trade and Merchandise Marks
Act1958, Trademarks Act, 1999
 COPYRIGHT: The Copyright Act, 1957 (Amended
in 1983, 1984, 1992, 1994, 1999)
 GEOGRAPHICAL INDICATIONS: The Geographical
Indications of Goods (Registration and
Protection) Act, 1999 (Enforcement pending)
PATENTS
 A patent is an exclusive right granted for an
invention – a product or process that provides a new
way of doing something, or that offers a new
technical solution to a problem.
 A patent provides patent owners with protection for
their inventions. Protection is granted for a limited
period, generally 20 years.
 Patents provide incentives to individuals by
recognizing their creativity and offering the
possibility of material reward for their marketable
inventions. These incentives encourage innovation,
which in turn enhances the quality of human life.
WHAT KINDS OF INVENTIONS CAN BE
PATENTED?
An invention must, in general, fulfil the
following conditions to be protected by a
patent.
 It must be of practical use
 it must show an element of “novelty”,
meaning some new characteristic that is
not part of the body of existing knowledge
in its particular technical field. That body
of existing knowledge is called “prior art”.
 The invention must show an “inventive
step” that could not be deduced by a
person with average knowledge of the
technical field. Its subject matter must be
accepted as “patentable” under law
COPYRIGHTS
 Copyright laws grant authors, artists and other
creators protection for their literary and artistic
creations, generally referred to as “works”. A
closely associated field is “related rights” or rights
related to copyright that encompass rights similar
or identical to those of copyright, although
sometimes more limited and of shorter duration.
 Works covered by copyright include, but are not
limited to: novels, poems, plays, reference works,
newspapers, advertisements, computer programs,
databases, films, musical compositions,
choreography, paintings, drawings, photographs,
sculpture, architecture, maps and technical
drawings.
RIGHTS UNDER COPYRIGHT LAWS
 The creators of works protected by copyright, and their heirs
and successors (generally referred to as “right holders”), have
certain basic rights under copyright law. They hold the
exclusive right to use or authorize others to use the work on
agreed terms. The right holder(s) of a work can authorize or
prohibit:
 Its reproduction in all forms, including print form and sound
recording;
 Its public performance and communication to the public;
 Its broadcasting;
 Its translation into other languages;
 Its adaptation, such as from a novel to a screenplay for a film.
BENEFITS OF COPYRIGHT
 Copyright and related rights protection is an essential
component in fostering human creativity and
innovation.
 Giving authors, artists and creators incentives in the
form of recognition and fair economic reward increases
their activity and output and can also enhance the
results.
 By ensuring the existence and enforceability of rights,
individuals and companies can more easily invest in the
creation, development and global dissemination of their
works.
 This, in turn, helps to increase access to and enhance
the enjoyment of culture, knowledge and
entertainment the world over, and also stimulates
economic and social development.
REGULATIONS OF COPYRIGHTS AND
RELATED RIGHTS
 Copyright and related rights
protection is obtained automatically
without the need for registration or
other formalities.
 However, many countries provide for a
national system of optional
registration and deposit of works.
 These systems facilitate, for example,
questions involving disputes over
ownership or creation, financial
transactions, sales, assignments and
transfer of rights.
TRADEMARK
 A trademark is a distinctive sign that identifies
certain goods or services produced or provided
by an individual or a company.
 Its origin dates back to ancient times when
craftsmen reproduced their signatures, or
“marks”, on their artistic works or products of
a functional or practical nature.
 The trademark system helps consumers to
identify and purchase a product or service
based on whether its specific characteristics
and quality – as indicated by its unique
trademark – meet their needs.
USE OF TRADEMARKS
 Trademark protection ensures that the owners
of marks have the exclusive right to use them
to identify goods or services, or to authorize
others to use them in return for payment.
 The period of protection varies, but a
trademark can be renewed indefinitely upon
payment of the corresponding fees
 In a larger sense, trademarks promote
initiative and enterprise worldwide by
rewarding their owners with recognition and
financial profit. Trademark protection also
hinders the efforts of unfair competitors,
such as counterfeiters, to use similar
distinctive signs to market inferior or
different products or services
WHAT KINDS OF TRADEMARKS CAN BE
REGISTERED?
 Trademarks may be one or a combination of words, letters and
numerals. They may consist of drawings, symbols or three-
dimensional signs, such as the shape and packaging of goods.
 In addition to identifying the commercial source of goods or services,
several other trademark categories also exist. Certification marks
are given for compliance with defined standards but are not confined
to any membership.
 Some examples of recognized certification are the internationally
accepted “ISO 9000” quality standards.
INDUSTRIAL DESIGNS
 An industrial design refers to the ornamental or
aesthetic aspects of an article. A design may
consist of three-dimensional features, such as the
shape or surface of an article, or two-dimensional
features, such as patterns, lines or colour.
 Industrial designs are applied to a wide variety of
industrial products and handicrafts: from technical
and medical instruments to watches, jewellery
and other luxury items; from house wares and
electrical appliances to vehicles and architectural
structures; from textile designs to leisure goods.
 To be protected under most national laws, an
industrial design must be new or original and non-
functional. This means that an industrial design is
primarily of an aesthetic nature.
WHY PROTECT INDUSTRIAL DESIGNS?
 Industrial designs are what make an article
attractive and appealing; hence, they add to the
commercial value of a product and increase its
marketability.
 When an industrial design is protected, the owner –
the person or entity that has registered the design –
is assured an exclusive right and protection against
unauthorized copying or imitation of the design by
third parties. This helps to ensure a fair return on
investment. An effective system of protection also
benefits consumers and the public at large, by
promoting fair competition and honest trade
practices, encouraging creativity and promoting
more aesthetically pleasing products.
 Protecting industrial designs helps to promote
economic development by encouraging creativity in
the industrial and manufacturing sectors, as well as
in traditional arts and crafts.
PROTECTION OF INDUSTRIAL DESIGNS
 In most countries, an industrial design must be registered in
order to be protected under industrial design law.
 As a rule, to be registrable, the design must be “new” or
“original”.
 Generally, “new” means that no identical or very similar
design is known to have previously existed.
 Once a design is registered, a registration certificate is issued.
Following that, the term of protection granted is generally five
years, with the possibility of further renewal, in most cases for
a period of up to 15 years.
GEOGRAPHICAL INDICATIONS
 A geographical indication is a sign used on
goods that have a specific geographical origin
and possess qualities or a reputation due to
that place of origin.
 Most commonly, a geographical indication
consists of the name of the place of origin of
the goods.
 Agricultural products typically have qualities
that derive from their place of production
and are influenced by specific local
geographical factors, such as climate and
soil.
 Whether a sign functions as a geographical
indication is a matter of national law and
consumer perception.
WHY PROTECT GEOGRAPHICAL
INDICATIONS?
 Geographical indications are understood by
consumers to denote the origin and quality of
products. Many of them have acquired valuable
reputations which, if not adequately protected,
may be misrepresented by commercial
operators.
 False use of geographical indications by
unauthorized parties, for example “Darjeeling”
for tea that was not grown in the tea gardens of
Darjeeling, is detrimental to consumers and
legitimate producers. The former are deceived
into believing they are buying a genuine product
with specific qualities and characteristics, and
the latter are deprived of valuable business and
suffer damage to the established reputation of
their products.
PROTECTION OF GEOGRAPHICAL
INDICATION
 Geographical indications are protected in accordance with
national laws and under a wide range of concepts, such as
laws against unfair competition,
consumer protection laws,
laws for the protection of certification marks
or special laws for the protection of geographical indications.
 Unauthorized parties may not use geographical indications if
such use is likely to mislead the public as to the true origin of
the product. Applicable sanctions range from court injunctions
preventing unauthorized use to the payment of damages and
fines or, in serious cases, imprisonment.
Economic Benefits of Intellectual Property
Rights
 Intellectual property rights could play a significant role in
encouraging innovation, product development, and technical
change.
 Developing countries tend to have IPRS systems that favor
information diffusion through low-cost imitation of foreign
products and technologies.
 To become competitive, enterprises in developing countries
typically must adopt new management and organizational
systems and techniques for quality control, which can
markedly raise productivity.
 Recent studies suggest that innovation through product
development and entry of new firms is motivated in part by
trademark protection, even in poor nations.
ROLE OF IP IN THE PHARMACEUTICAL
INDUSTRY
 PROTECTION OF MEDICAL INVENTION : Once a person or a company has
designed or developed a new drug or medical treatment, they must protect
it either by filing a Patent Application or by keeping it as Trade Secret.
 DRIVES ECONOMIC GROWTH AND COMPETITIVENESS : Intellectual Property
leads to the significant economic growth of a pharmaceutical company by
awarding the sole intellectual property rights to the inventor of a
medication or treatment
 PROTECTION OF CONSUMERS AND FAMILIES : In the pharmaceutical
industry, Intellectual Property’s main interest lies in public safety as it helps
the consumers in making the right choice while selecting a medical product.
 GENERATES SOLUTIONS TO GLOBAL CHALLENGES : Promotion of innovation
is essential; however, at the same time, one needs funding to do so. In the
pharmaceutical industry, intellectual property rights offer encouragement
to develop drugs and vaccines for the new diseases discovered daily.
 PROTECTION AGAINST POTENTIAL INFRINGERS : Intellectual property rights
allow pharmaceutical companies to take strict actions against counterfeit
drugs.
BENEFITS OF IPR IN
PHARMACEUTICAL
INDUSTRY
Intellectual property rights

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Intellectual property rights

  • 1. INTELLECTUAL PROPERTY RIGHTS BY : LALIT M. PHARM (QUALITY ASSURANCE) DELHI INSTITUTE OF PHARMACEUTICAL SCIENCE AND RESEARCH
  • 2. CONTENTS  Introduction  Intellectual Property Rights  Why Promote and Protect Intellectual Property  Benefits  Categories Of Intellectual Property  World Intellectual Property Organisation (WIPO)  Legislation Covering IPRS In India  Patent  Copyright  Trademark  Industrial Design  Geographical Indication  Economic Benefits Of IPR  Role Of IP in Pharmaceutical Industry.
  • 3. INTRODUCTION  Intellectual Property (IP) pertains to any original creation of the human intellect such as artistic, literary, technical, or scientific creation.  Intellectual Property Rights (IPR) refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time.
  • 4. WHAT ARE INTELLECTUAL PROPERTY RIGHTS?  Intellectual property rights are like any other property right. They allow creators, or owners, of patents, trademarks or copyrighted works to benefit from their own work or investment in a creation. 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.  The importance of intellectual property was first recognized in the Paris Convention for the Protection of Industrial Property (1883) and the Berne Convention for the Protection of Literary and Artistic Works (1886). Both treaties are administered by the World Intellectual Property Organization (WIPO).
  • 5. WHY PROMOTE AND PROTECT INTELLECTUAL PROPERTY? 1. The progress and well-being of humanity rest on its capacity to create and invent new works in the areas of technology and culture. 2. The legal protection of new creations encourages the commitment of additional resources for further innovation. 3. The promotion and protection of intellectual property spurs economic growth, creates new jobs and industries, and enhances the quality and enjoyment of life. 4. The intellectual property system helps strike a balance between the interests of innovators and the public interest, providing an environment in which creativity and invention can flourish, for the benefit of all.
  • 6. HOW DOES AVERAGE PERSON BENEFITS? Intellectual property rights reward creativity and human endeavour, which fuel the progress of humankind. Some examples: 1. The multibillion dollar film, recording, publishing and software industries – which bring pleasure to millions of people worldwide – would not exist without copyright protection. 2. Without the rewards provided by the patent system, researchers and inventors would have little incentive to continue producing better and more efficient products for consumers. 3. Consumers would have no means to confidently buy products or services without reliable, international trademark protection and enforcement mechanisms to discourage counterfeiting and piracy.
  • 7. CATEGORIES OF INTELLECTUAL PROPERTIES Intellectual property can be divided into two categories:  Industrial Property includes patents for inventions, trademarks, industrial designs and geographical indications.  Copyright covers literary works (such as novels, poems and plays), films, music, artistic works (e.g., drawings, paintings, photographs and sculptures) and architectural design.
  • 8. IP protection can be sought for a variety of intellectual efforts including:  Patents  Industrial designs relates to features of any shape, configuration, surface pattern, composition of lines and colors applied to an article whether 2-D, e.g., textile, or 3-D, e.g., toothbrush.  Trademarks relate to any mark, name, or logo under which trade is conducted for any product or service and by which the manufacturer or the service provider is identified. Trademarks can be bought, sold, and licensed. Trademark has no existence apart from the goodwill of the product or service it symbolizes.  Copyright relates to expression of ideas in material form and includes literary, musical, dramatic, artistic, cinematography work, audio tapes, and computer software.  Geographical indications are indications, which identify as good as originating in the territory of a country or a region or locality in that territory where a given quality, reputation, or other characteristic of the goods is essentially attributable to its geographical origin.  Trade Secrets
  • 9. WORLD INTELLECTUAL PROPERTY ORGANISATION (WIPO) Established in 1970, the World Intellectual Property Organization (WIPO) is an international organization dedicated to helping ensure that the rights of creators and owners of intellectual property are protected worldwide, and that inventors and authors are therefore recognized and rewarded for their ingenuity.
  • 10. LEGISLATIONS COVERING IPRS IN INDIA  PATENTS: The Patents Act, 1970 (Last amended in 1999)  DESIGN: The Designs Act, 1911 (A new Designs Act 2000 has been enacted)  TRADEMARK: The Trade and Merchandise Marks Act1958, Trademarks Act, 1999  COPYRIGHT: The Copyright Act, 1957 (Amended in 1983, 1984, 1992, 1994, 1999)  GEOGRAPHICAL INDICATIONS: The Geographical Indications of Goods (Registration and Protection) Act, 1999 (Enforcement pending)
  • 11. PATENTS  A patent is an exclusive right granted for an invention – a product or process that provides a new way of doing something, or that offers a new technical solution to a problem.  A patent provides patent owners with protection for their inventions. Protection is granted for a limited period, generally 20 years.  Patents provide incentives to individuals by recognizing their creativity and offering the possibility of material reward for their marketable inventions. These incentives encourage innovation, which in turn enhances the quality of human life.
  • 12. WHAT KINDS OF INVENTIONS CAN BE PATENTED? An invention must, in general, fulfil the following conditions to be protected by a patent.  It must be of practical use  it must show an element of “novelty”, meaning some new characteristic that is not part of the body of existing knowledge in its particular technical field. That body of existing knowledge is called “prior art”.  The invention must show an “inventive step” that could not be deduced by a person with average knowledge of the technical field. Its subject matter must be accepted as “patentable” under law
  • 13. COPYRIGHTS  Copyright laws grant authors, artists and other creators protection for their literary and artistic creations, generally referred to as “works”. A closely associated field is “related rights” or rights related to copyright that encompass rights similar or identical to those of copyright, although sometimes more limited and of shorter duration.  Works covered by copyright include, but are not limited to: novels, poems, plays, reference works, newspapers, advertisements, computer programs, databases, films, musical compositions, choreography, paintings, drawings, photographs, sculpture, architecture, maps and technical drawings.
  • 14. RIGHTS UNDER COPYRIGHT LAWS  The creators of works protected by copyright, and their heirs and successors (generally referred to as “right holders”), have certain basic rights under copyright law. They hold the exclusive right to use or authorize others to use the work on agreed terms. The right holder(s) of a work can authorize or prohibit:  Its reproduction in all forms, including print form and sound recording;  Its public performance and communication to the public;  Its broadcasting;  Its translation into other languages;  Its adaptation, such as from a novel to a screenplay for a film.
  • 15. BENEFITS OF COPYRIGHT  Copyright and related rights protection is an essential component in fostering human creativity and innovation.  Giving authors, artists and creators incentives in the form of recognition and fair economic reward increases their activity and output and can also enhance the results.  By ensuring the existence and enforceability of rights, individuals and companies can more easily invest in the creation, development and global dissemination of their works.  This, in turn, helps to increase access to and enhance the enjoyment of culture, knowledge and entertainment the world over, and also stimulates economic and social development.
  • 16. REGULATIONS OF COPYRIGHTS AND RELATED RIGHTS  Copyright and related rights protection is obtained automatically without the need for registration or other formalities.  However, many countries provide for a national system of optional registration and deposit of works.  These systems facilitate, for example, questions involving disputes over ownership or creation, financial transactions, sales, assignments and transfer of rights.
  • 17. TRADEMARK  A trademark is a distinctive sign that identifies certain goods or services produced or provided by an individual or a company.  Its origin dates back to ancient times when craftsmen reproduced their signatures, or “marks”, on their artistic works or products of a functional or practical nature.  The trademark system helps consumers to identify and purchase a product or service based on whether its specific characteristics and quality – as indicated by its unique trademark – meet their needs.
  • 18. USE OF TRADEMARKS  Trademark protection ensures that the owners of marks have the exclusive right to use them to identify goods or services, or to authorize others to use them in return for payment.  The period of protection varies, but a trademark can be renewed indefinitely upon payment of the corresponding fees  In a larger sense, trademarks promote initiative and enterprise worldwide by rewarding their owners with recognition and financial profit. Trademark protection also hinders the efforts of unfair competitors, such as counterfeiters, to use similar distinctive signs to market inferior or different products or services
  • 19. WHAT KINDS OF TRADEMARKS CAN BE REGISTERED?  Trademarks may be one or a combination of words, letters and numerals. They may consist of drawings, symbols or three- dimensional signs, such as the shape and packaging of goods.  In addition to identifying the commercial source of goods or services, several other trademark categories also exist. Certification marks are given for compliance with defined standards but are not confined to any membership.  Some examples of recognized certification are the internationally accepted “ISO 9000” quality standards.
  • 20. INDUSTRIAL DESIGNS  An industrial design refers to the ornamental or aesthetic aspects of an article. A design may consist of three-dimensional features, such as the shape or surface of an article, or two-dimensional features, such as patterns, lines or colour.  Industrial designs are applied to a wide variety of industrial products and handicrafts: from technical and medical instruments to watches, jewellery and other luxury items; from house wares and electrical appliances to vehicles and architectural structures; from textile designs to leisure goods.  To be protected under most national laws, an industrial design must be new or original and non- functional. This means that an industrial design is primarily of an aesthetic nature.
  • 21. WHY PROTECT INDUSTRIAL DESIGNS?  Industrial designs are what make an article attractive and appealing; hence, they add to the commercial value of a product and increase its marketability.  When an industrial design is protected, the owner – the person or entity that has registered the design – is assured an exclusive right and protection against unauthorized copying or imitation of the design by third parties. This helps to ensure a fair return on investment. An effective system of protection also benefits consumers and the public at large, by promoting fair competition and honest trade practices, encouraging creativity and promoting more aesthetically pleasing products.  Protecting industrial designs helps to promote economic development by encouraging creativity in the industrial and manufacturing sectors, as well as in traditional arts and crafts.
  • 22. PROTECTION OF INDUSTRIAL DESIGNS  In most countries, an industrial design must be registered in order to be protected under industrial design law.  As a rule, to be registrable, the design must be “new” or “original”.  Generally, “new” means that no identical or very similar design is known to have previously existed.  Once a design is registered, a registration certificate is issued. Following that, the term of protection granted is generally five years, with the possibility of further renewal, in most cases for a period of up to 15 years.
  • 23. GEOGRAPHICAL INDICATIONS  A geographical indication is a sign used on goods that have a specific geographical origin and possess qualities or a reputation due to that place of origin.  Most commonly, a geographical indication consists of the name of the place of origin of the goods.  Agricultural products typically have qualities that derive from their place of production and are influenced by specific local geographical factors, such as climate and soil.  Whether a sign functions as a geographical indication is a matter of national law and consumer perception.
  • 24. WHY PROTECT GEOGRAPHICAL INDICATIONS?  Geographical indications are understood by consumers to denote the origin and quality of products. Many of them have acquired valuable reputations which, if not adequately protected, may be misrepresented by commercial operators.  False use of geographical indications by unauthorized parties, for example “Darjeeling” for tea that was not grown in the tea gardens of Darjeeling, is detrimental to consumers and legitimate producers. The former are deceived into believing they are buying a genuine product with specific qualities and characteristics, and the latter are deprived of valuable business and suffer damage to the established reputation of their products.
  • 25. PROTECTION OF GEOGRAPHICAL INDICATION  Geographical indications are protected in accordance with national laws and under a wide range of concepts, such as laws against unfair competition, consumer protection laws, laws for the protection of certification marks or special laws for the protection of geographical indications.  Unauthorized parties may not use geographical indications if such use is likely to mislead the public as to the true origin of the product. Applicable sanctions range from court injunctions preventing unauthorized use to the payment of damages and fines or, in serious cases, imprisonment.
  • 26. Economic Benefits of Intellectual Property Rights  Intellectual property rights could play a significant role in encouraging innovation, product development, and technical change.  Developing countries tend to have IPRS systems that favor information diffusion through low-cost imitation of foreign products and technologies.  To become competitive, enterprises in developing countries typically must adopt new management and organizational systems and techniques for quality control, which can markedly raise productivity.  Recent studies suggest that innovation through product development and entry of new firms is motivated in part by trademark protection, even in poor nations.
  • 27. ROLE OF IP IN THE PHARMACEUTICAL INDUSTRY  PROTECTION OF MEDICAL INVENTION : Once a person or a company has designed or developed a new drug or medical treatment, they must protect it either by filing a Patent Application or by keeping it as Trade Secret.  DRIVES ECONOMIC GROWTH AND COMPETITIVENESS : Intellectual Property leads to the significant economic growth of a pharmaceutical company by awarding the sole intellectual property rights to the inventor of a medication or treatment  PROTECTION OF CONSUMERS AND FAMILIES : In the pharmaceutical industry, Intellectual Property’s main interest lies in public safety as it helps the consumers in making the right choice while selecting a medical product.  GENERATES SOLUTIONS TO GLOBAL CHALLENGES : Promotion of innovation is essential; however, at the same time, one needs funding to do so. In the pharmaceutical industry, intellectual property rights offer encouragement to develop drugs and vaccines for the new diseases discovered daily.  PROTECTION AGAINST POTENTIAL INFRINGERS : Intellectual property rights allow pharmaceutical companies to take strict actions against counterfeit drugs. BENEFITS OF IPR IN PHARMACEUTICAL INDUSTRY