Neeraj Bidhuri, Galgotias University & Ashutosh Kulshrestha, Agra College
Abstract
The economic, social, and cultural growth of humankind depends on its capability to invent or create new ways of doing things. From discovering fire in Stone Age to planning a city on mars, innovation played significant role in the advancement and development of human civilization. Some innovations and Creations of mind refers as intellectual property. Intellectual property is the category of property that involves intangible creations of human mind. The most common and well-known intellectual property are copyright, Patent, and trademark. To promote and encourage inventions, law provides some legal rights to the inventors and creators for a limited period, such rights are called Intellectual property rights. this article talks about the meaning of Intellectual property rights, its development in India, recent steps taken by the government in last five years to build strong regime and challenges for the future.
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