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IPR for Start-ups

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Questions and Answers

What do Intellectual Property Rights (IP Rights) provide the creator?

Limited right over the use of their creation
Exclusive right over the use of their creation (correct)
No right over the use of their creation
Shared right with others over the use of their creation

Why has 'Intellectual Capital' become a key wealth driver in India?

Due to decrease in globalization and opening up of new vistas
Due to rapid increase in globalization and opening up of new vistas (correct)
Due to absence of globalization and opening up of new vistas
Due to limited impact of globalization and opening up of new vistas

What does every start up need to understand and protect for excelling in its business?

Employee rights only
Marketing strategies only
IP Rights (correct)
Physical assets only

What should a start up confirm to save itself from unwarranted litigation?

Not being in violation of the IP Rights of any other person (D) Signup and view all the answers

What valuable assets does every start up possess that have IP Rights?

Trade name, brand, logo, inventions, designs, products, or a website (A) Signup and view all the answers

Explain what Intellectual Property Rights (IP Rights) are and how they benefit the creator.

IP Rights are intangible property rights that give the creator exclusive rights over the use of their creation for a certain period of time. They benefit the creator by providing legal protection and control over their intellectual creations. Signup and view all the answers

What are some examples of intellectual creations that a start up may possess valuable IP Rights in?

Examples include trade names, brands, logos, advertisements, inventions, designs, products, and websites. Signup and view all the answers

Why is it important for a start up to understand and protect its IP Rights?

Understanding and protecting IP Rights is crucial for a start up to excel in its business, as it safeguards the start up's valuable intellectual creations and prevents potential legal disputes. Signup and view all the answers

What are some of the key factors that have made 'Intellectual Capital' a significant wealth driver in the present era?

The rapid increase in globalization, opening up of new vistas in India, and the importance of intellectual creations in the business landscape have contributed to the significance of 'Intellectual Capital' as a key wealth driver. Signup and view all the answers

What laws and treaties govern Intellectual Property Rights (IP Rights) for start-ups?

There are country-specific legislations as well as international laws and treaties that govern IP Rights for start-ups. Signup and view all the answers