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In: Economics

How is the Law Implementation of Objects on Intellectual Property? please explain!

How is the Law Implementation of Objects on Intellectual Property? please explain!

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Expert Solution

intellectual property implies to the registration of intangible asset and its protection against the misuse of the knowledge without the prior permission of the concerned party.

intellectual property means - goodwill , copyrights, know- how (special knowledge like formula etc.) in the industrial, scientific, literary and artistic fields

intellectual property protection is very important to ensure to prevent the knowledge.the intellectual property has been prevented at global level by WIPO

The Convention Establishing the World Intellectual Property Organization (WIPO), concluded in Stockholm on July 14, 1967 (Article 2(viii)) provides that “intellectual property shall include rights relating to:

  1. - literary, artistic and scientific works,
  2. - performances of performing artists, phonograms and broadcasts,
  3. - inventions in all fields of human endeavor,
  4. - scientific discoveries,
  5. - industrial designs,
  6. - trademarks, service marks and commercial names and designations,
  7. - protection against unfair competition

in 1995 intellectual propert rights gains a changing phase during the introduction of WTO(world trade organisation)

we can get a quick note on WTO by following content-

WTO presented various agreement in respect of trade including TRIPS(trade related aspects of intellectual property rights)

  1. The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international legal agreement between all the member nations of the World Trade Organization (WTO).
  2. under TRIPS protection for copyright is applicable for 50 years after the death of author or inventor

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