The document discusses intellectual property rights, including various types such as copyright and patents, emphasizing the significance of intellectual property as intangible wealth. It outlines the economic benefits of intellectual property for creators and owners, including commercial exploitation and technology transfer. The conclusion distinguishes innovation from invention, highlighting innovation as a process that transitions from idea conception to market launch.

1. Intellectual Property Rights
by Megha Gaba
LL.B. (3 Years Course; Semester-1)
Bharati Vidyapeeth Deemed University

2. Intellectual property
• Copyright
• Industrial Properties
• Trademark
• Patent
• Industrial designs
• Geographical Indications
• So on and so forth

3. IP as intangible property
• Tangible property
• Land, building,car
• Intangible property
• Intangible wealth, easily appropriated and
reproduced, once created the marginal
cost of reproduction is negligible
• Secret Trade

4. The role of IP as intangible
property
• 1. Economic rights of creators
• 2.Commercial exploitation of owner of IP
• 3.Capital expenditure
• 4.Transfer of technology
• 5.Cultural development
• 6 Tax Benefits
• 7 Promotion of International Trade

5. Conclusion
Innovation is not the same as invention.
Innovation is a process, which begins from
the conception of an idea to the launching
of a new product/process in the market
place.
Thank You
By
Megha Gaba
Roll No. 79
LL.B. (3 years Course- Semester 2nd
)
Bharati Vidyapeeth Deemed University

6. Conclusion
Innovation is not the same as invention.
Innovation is a process, which begins from
the conception of an idea to the launching
of a new product/process in the market
place.
Thank You
By
Megha Gaba
Roll No. 79
LL.B. (3 years Course- Semester 2nd
)
Bharati Vidyapeeth Deemed University