Question

Which of the following are forms of intellectual property rights (IPR)?

1. Patents, which protect inventions and new technologies.
2. Trademarks, which safeguard symbols and names used in commerce.
3. Copyrights, which cover literary and artistic works.
4. Trade secrets, which protect confidential information used in business.

• A. iv only
• B. iii, iv
• C. All of these
• D. i, ii

Answer 1

Answer:

C. All of these

Intellectual Property Rights (IPR)

• Intellectual Property Rights (IPR) are legal rights granted to individuals or entities for their intellectual creations or innovations.
• These rights encompass various forms of protection, including:
  • Patents for inventions
  • Trademarks for symbols and names used in commerce
  • Copyrights for literary and artistic works
  • Trade secrets for confidential business information.
• The primary purpose of IPR is to provide creators and innovators with exclusive control over the use of their creations, allowing them to benefit financially from their intellectual property.
• IPR fosters an environment that encourages innovation, creativity, and fair competition, ultimately contributing to economic growth and the development of new industries and markets.