Survey of innovation and intellectual property creation and its usage among electronic it organizations

Abstract

Intellectual property is the creation of human mind human intellect and hence called Intellectual property The intellectual property is an asset and as such it can be bought sold mortgaged licensed exchanged or gratuitously given away like any other form of the property Further by acquiring a legal right over the property the creator of the intellectual property seeks to ensure that he has exclusive right over it and that the property can be put to use by others only with his consent Ownership of IPR is a source of national wealth and mark of an economic leadership in the context of global market scenario Intellectual property rights are a bundle of exclusive rights over creations of the mind both artistic and commercial The former is covered by copyright laws, which protect creative works such as books movies music paintings photographs and software and give the copyright holder exclusive right to control reproduction or adaptation of such works for a certain period of time The second category is collectively known as industrial properties as they are typically created and used for industrial or commercial purposes A patent may be granted for a new useful and non obvious invention and gives the patent holder a right to prevent others from practicing the invention without a license from the inventor for a certain period of time A trademark is a distinctive sign which is used to prevent confusion among products in the marketplace newline