World Intellectual Property Day - April 26


Fight Against Intellectual Theft...

World Intellectual Property Day, which will be observed Today (April 26), is an effort to protect creativity and ingenuity from copycats

By Mr. RAHUL SIDDHU

World Intellectual Property Day is an endeavour to celebrate ingenuity as well as to honour creators & innovators, whose works have been making the difference for one and all.

It was in the year 2000, when World Intellectual Property Organization thought of safeguarding path-breaking creativity & decided to raise awareness about how creativity and artistic works affect our daily life.

"World Intellectual Property Day not only means that exclusive rights have been granted to an individual or /  to an organization for some creative work or / discovery. But, also means that we are honouring all those who have been working tirelessly to improve the quality of life through their work "says Dr. Raj Baldev.



He further adds that World Intellectual Property Day also inspires a lot of innovators as they feel that their work will not be copied & misused by others.

"Having a special day like the Intellectual Property Day provides a framework for creators and innovators.Trademarks, patents and copyrights give recognition to the ones who have done the hard work of creation.

Intellectual property (IP) is extremely important for large corporations that spend billions of dollars in R & D to create and materialise concepts. If they are not protected, they will never be able to recover the costs involved in building and executing such projects. The process of getting trademarks, copyrights & patents has been made easier & transparent so that more and more people can file for it over the years.

However, the cost has been going up at the same time,"points out Sofia Dhawan, owner of sofiaraj.com.

To mark World Intellectual Property Day, celebrations are being organised across the globe, including developing countries, including small countries such as Bulgaria,Colombia Jamaica, Kenya & Papua New Guinea, which are all celebrating the spirit of creativity.

Even in India, celebrations to mark the day have started well in advance.


"Corporates must be proactive in protecting its intellectual property in order to ensure that like IP works best for the advantage of the business.This involves having in place a mechanism to identify IP ; ensure its proper registration and assuring timely action in respect of any threat" states Mr. Rahul Chaudhry,Managing Partner, Lall Lahiri & Salhotra.
Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

IT Index down by -2% Gold stays positive. 

IT Index down by -2% Gold stays positive.  *Market Update: IT Index May Fall on Monday* *Why?* *Fed Rate Cut Concerns:* The U.S. Federal Res...