Desai Aarti Shubhamkar
Delonix Society’s Baramati College of Pharmacy, Baramati
Doshi Rupendrakumar V.
Dattakala College of Pharmacy, Swami Chincholi, Daund
Jagtap Prajakta Sambhaji
Dattakala College of Pharmacy, Swami Chincholi, Daund
Abstract
Intellectual Property Rights are legal rights, which result from intellectual activity in industrial, scientific, literary & artistic fields. These rights Safeguard creators and other producers of intellectual goods & services by granting them certain time-limited rights to control their use. Protected IP rights like other property can be a matter of trade, which can be owned, sold or bought. These are intangible and non-exhausted consumption.
Intellectual property rights (IPR) have become important in the face of changing trade environment which is characterized by global competition, high innovation risks, short product cycle, need for rapid changes in technology, high investments in research and development (R&D), production and marketing and need for highly skilled human resources. Regardless of what product an enterprise makes or what service it provides, it is likely that it is regularly using and creating a great deal of intellectual property. There is an emergent need for enterprises and professionals to systematically consider the steps required for protecting, managing and enforcing intellectual property rights, so as to get the best possible commercial results from its ownership.
The current study topic is undertaken for detail study of development of IP (Intellectual Property) Law in India as well as Introduction to IP Law in India. This study topic also includes the detail study of the Role of IP in Pharma industry growth
Key words: IPR, R&D