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[00:00:00]So in Unit Number Three, we are learning about the complete concept of Intellectual Property Rights (IPR).

[00:00:09]Okay, so what is Intellectual Property Rights and what are the different types of it. Okay, so first, what do you need to understand? What is Intellectual Property Rights?

[00:00:22]What is Intellectual Property Rights? It is created by writers, inventors, artists by transforming their ideas. This is considered intellectual property. It means that they have their own ideas that no one else has been able to create until now. Whatever a person creates, whether it is a book, writing, painting, inventing, or anything else, if a person does all these things, they have a property. What do we call it? We call it intellectual property. Okay, the creator needs security. When they work so hard, security should be mandatory. They should have certain rights. We call those rights intellectual property rights.

[00:01:02]Okay, so it is known that intellectual property law protects the authors, inventors, and artists by restricting the books, inventions, and arts from copying. That is, the security that comes to them from others copying their hard work is called cyber intellectual property law.

[00:01:22]We call it intellectual property rights. So, no matter what question comes from the third unit, the introduction is compulsory.

[00:01:29]Okay, after these different types of intellectual property rights, what rights are there? We have a total of five types of intellectual property rights. First one is a trademark or a service mark Second one is copyrights Third one is patents Trade secrets Geographical indications These are the five types of IPR First one is what is a trademark or a service mark [Clearing throat] It should be mandatory for every organization, every business, every business to have a trademark or a service mark.

[00:02:06]So what is a trademark or a service mark?

[00:02:08]A name, a symbol, a device, a logo, a feature, anything, we call it a trademark or service mark. Okay, for example, a phone, a juice, a Kingfisher name logo, or a brand name like Amazon. There are some things like that that are called trademark or service mark. Okay, so you should write about it, examples should be written compulsorily, and if in case you see a logo, you should also draw a small one there. Okay, second one, what is copyright? What is meant by copyright?

[00:02:44]Protecting the original works? Okay, from the copyists. That means protecting them from those who have copied them. For example, you can claim copyright on someone who copies your work. Okay, you can make a demand. Whether it's video recordings, artist's works, books, original work, or anything like that, broadcasting, computer software, digital technology for example, Harry Potter books and movies, Microsoft Windows computer programs, even if you copy all of these, you still have copyright. You should also put a symbol or diagram of it. It's a good impression. Third one, what are patents? What are patents? Patents are given as a security to the original owner. For example, it is an acknowledgement that I wrote this book.

[00:03:37]Okay, so patents are a right which is given which will be given to the owner of that particular property.

[00:03:46]We call it patents. In this, we have different types of patents like for example utility patents, design patents and plant patents. It is enough to mention and write like this. Example Digital camera Chemical fertilizer is the example for the patents Next Fourth one What do we have Trade Secrets A Trade Secret is a valuable and confidential information of the business which helps in gaining competitive advantage over the rivals That is to say a Trade Secret is a very valuable thing that is used for our advantage It is used for competitive advantage It is used by 10 people Okay, here is an example for this, whatever you say For example We have discovered a medicine Okay We have discovered a medicine For example There is no medicine for cancer We have discovered medicine.

[00:04:37]What do they say? What does the government say?

[00:04:38]Up to 20 to 25 years, your company, whoever created it, should produce it and sell it worldwide.

[00:04:49]After a certain period of time you need to reveal that idea, which formula you use, you should reveal to everyone why it is good, good happens to everyone, so that is called trade secrets. For example, paracetamol formula. Okay. And the last one is what are geographical indications? Geographical indications are what a good or a product is, its geographical location means that it is highlighted.

[00:05:19]Okay. It is highlighted in the sense for example, here are the examples, Mysore sandal soap, okay.

[00:05:26]Darjeeling tea, Hyderabadi haleem, scotch whisky, Kolhapur chappals, Gadwal sarees.

[00:05:33]Here a product is highlighted according to its geographical location.

[00:05:42]Do you understand that this is called Geographical Indications? If he asks about IPR and its types, you will be required to write an introduction and explain these five things.

[00:05:54]If someone asks about copyrights separately, if someone asks about patents separately, if someone asks about trademarks separately, if someone asks about trademarks separately, for example, write about what ever they ask about it, and if there are these 10 side headings, these are the common side headings. Whether you ask about patents, trademarks, trade secrets, geographical indications, copyrights, whatever you ask, these 10 points will be suitable.

[00:06:27]Okay, first one, what is legal protection? First one, what is legal protection? We have legal protection. Whether it is a trademark, a patent, or any service mark, it should have the legal protection. The owner should take illegal action against it. Unauthorized use If someone uses it without your permission, you can file a case against them, you can take legal action.

[00:06:53]Okay, next one is what are exclusive rights? Exclusive rights mean that the owner has the exclusive rights to use, sell, license or exploit the intellectual property. You can sell it, you can use it, if someone copies it, you can claim money from them. Okay, exclusive rights are what you have. The third one is ownership. Those rights belong only to the original owner, whether it is the original owner, the creator, the inventor, or the author. Okay, so the fourth thing is registration.

[00:07:34]Some intellectual property rights, if they exist, we have to register them. For example, if we register patents, we have patents, right?

[00:07:44]We can register copyrights. So, you have to register your work compulsorily. To protect it from unauthorized users, for the protection like copyright, you can automatically claim it.

[00:08:02]We have to register it compulsorily. Fifth One Limited Duration This IPR is only available for a limited fixed period. What should we do after that? We should undertake renewal. It's not like you're done with it once. For example, if I register a book I wrote, it's valid for up to 10 years. After 10 years, you have to renew it again. So IPR is a limited period. Sixth, what is transferability? You can transfer your rights to others. For example, I have patents on a book I wrote.

[00:08:38]Now, let's believe in that book. Shouldn't the rights also be transferable?

[00:08:44]You don't become the owner after selling it once. Whoever buys it becomes the owner. That is called transferability.

[00:08:50]Okay.

[00:08:52]Next one is protection against infringement. Infringement is nothing about the illegal activities. When you do not do illegal activities, such as copying, unauthorized use, misuse, illegal activities, fraud, etc., you need protection from that. Should you claim damages or do you need any other legal remedies?

[00:09:19]That is called protection against fragmentation.

[00:09:20]In fragmentation is nothing about illegal things. Eight one is commercial value. What does commercial value mean? It is a valuable business asset. An IPR is a business asset. It generates income, it does marketing, it protects. What licensing does is you can also get royalties on it. That is called commercial values. Ninth one [clears throat] encourages innovation and creativity. This IPR is for inventors, authors, creators, for their efforts. We have created this IPR as a recognition. What it does to people, what it motivates them, is to create new ideas, to create new works. This is important for that. Tenth Tenth One What is the last one Territorial Nature What does territorial nature mean? It is valid only in the country or a region where protection is granted. For example, I have taken patents in India. I only use it when I'm in India. If they copy it abroad, I don't have the copyright on them. So it is valid only for the territorial nature.

[00:10:36]You will only have protection up to the particular region, country, or nation you have taken it to. If you also need protection in other countries, you must apply for it separately. Okay, so this is about the third unit. The third unit is about learning IPR perfectly and even if you ask about anything, you can explain these common 10 points. If you explain the three sides and write, you can gain 200% full marks.

[00:11:01]Okay.