Significance of Intellectual Property

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What does copyright provide protection to?

Trade names

Technological inventions

Appearance of mass produced goods

Literary, artistic, and musical creations (correct)

What is the significance of Intellectual Property Rights (IPRs)?

To discourage economic development

To encourage human efforts that promote economic and cultural development (correct)

To limit legal protection for intellectual creations

To prevent creators from getting rewards

What does Intellectual Property (IPRs) concern itself with?

Governing business operations

Governing the use of human creations (correct)

Governance of the use of natural resources

Governing international trade agreements

What does Intellectual property law try to regulate?

Creation, use, and/or exploitation of mental or creative labour Signup and view all the answers

What does the protection of trademarks aim to prevent?

Unauthorized imitation of trade names Signup and view all the answers

What is the purpose of extending protection to the finer manifestation of human achievements?

To encourage creators to continue their efforts Signup and view all the answers

Why must creators receive suitable rewards for their intellectual creations?

To promote economic and cultural development Signup and view all the answers

What does Intellectual Property Rights (IPRs) aim to prevent third parties from doing?

Taking unjust benefits from intellectual property not owned by them Signup and view all the answers

What is the purpose of a patent?

To grant a monopoly right to the creator of a new and useful invention Signup and view all the answers

What does the term 'patent' signify?

An exclusive license granted to an inventor Signup and view all the answers

What encourages inventors to carry out more research and development?

The monopoly right granted through patenting Signup and view all the answers

What does a patent signify for an inventor?

An exclusive right to make use of their invention Signup and view all the answers

What is a patent?

An exclusive right to use or exercise an invention granted to a person for a limited period Signup and view all the answers

What is the primary purpose of a patent?

To encourage scientific research, new technology, and industrial progress Signup and view all the answers

What is the geographical limitation of a patent?

It cannot be enforced in any country other than the one it was granted in Signup and view all the answers

What must an invention be in order to be patentable?

New, useful, and applicable for industrial purposes Signup and view all the answers

What is the object of patent law?

To encourage scientific research, new technology, and industrial progress Signup and view all the answers

What happens to an invention after the expiry of the fixed period of the monopoly granted by a patent?

It is no longer protected and becomes public domain Signup and view all the answers