Divyanshi Khemka, UPES Dehradun
ABSTRACT
Intangible works of human intellect are included in the category of property known as intellectual property, or IP. Intellectual property comes in a variety of forms, and some nations recognize it more than others. This area of law has grown in importance as a legal topic due to its explosive economic potential. Although it may seem like a creation of the modern day, intellectual property has existed since the dawn of humanity. A number of accounts trace the history of intellectual property rights back to 1421 when an Italian inventor received the first-ever patent in history. However, according to Former Lord Justice of Appeal Robin Jacob, intellectual property has a long history dating back to 600 BCE. Over time, IP laws have developed into their current form both, internationally as well as domestically, wherein an interrelation between various domestic laws is also observed. The goal of copyright, patent, and trademark laws hasn't changed throughout the ages, despite their increasing complexity. Governments enact rules pertaining to intellectual property in order to promote innovation and enable inventors to profit from their hard work.
This paper examines the recorded sequence of occurrences that ultimately resulted in our current comprehension of intellectual property laws from a global perspective while also highlighting the Indian background. It also makes a comparative study between the legislations of India and the USA in this regard and attempts to highlight the intersectionality between the application of these laws in the two countries.
Keywords: Intellectual Property, Comparative Study, WIPO, TRIPS, Trans- Border Reputation
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