By: Kumar Hemant
Intellectual Property Rights (IPR) protects the most valued of all creations — the human mind. The human mind invents, creates, and develops a new product. IPR protects the creator’s interests and sees to it that they get exclusive rights over their products and receive the benefit from their product. The product can be anything from a new invention to a literary work or even symbols.
IPR is necessary for the protection of the products and thus help in a country’s economic growth while striking a balance between private and public interests.
Intellectual property rights have been around since medieval times. Following are the primary laws and agreements that have established the basis of IPR.
> The Stature of Monopolies (1623) is seen as the first law on patents. The act gave the inventor exclusive control over an invention created by him, for 14 years.
> The Statute of Anne (1710) gave the first copyright law. This act granted a 14-year renewal of the exclusive rights after fulfilling certain conditions.
> The Paris Convention (1883) was a first intervention to ensure that the works are protected in other countries.
> The Berne Convention (1886) provided minimum protection and special provisions to works of writers, musicians, painters, and many other professions.
> The Madrid Agreement (1891) provided for an international registration that can be used for the broader protection of the trademark.
> The United International Bureaux for the protection of Intellectual Property (1883) was formed by the merging of the Paris and the Berne Conventions.
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