Intellectual property has an increasing level been assumed to be
playing a significant role with respect to the rapid pace of
scientific, technological, as well as medical innovation that the
world has been witnessing in the recent times. In addition to
this, the changes that have been occurring in the economic
environment on a global level have been also influencing the
rapid development of different business models wherein the
term intellectual property tends to be a central element towards
the establishment of value and the overall potential growth.
Intellectual property, as a result, has grown to be the largest
as well as the fastest growing aspects of law in the world. As
such, this fact also makes it essential for the increasing demand
for professionals in the field of Intellectual Property to be well
versed in the given field for dealing with IPRs (Intellectual
Property Rights) across national as well as international
boundaries.
The domain of the term intellectual property tends to be vast.
Only the particular IPR (Intellectual Property Rights) legislations
could be included which tend to have some kind of direct
relevance or importance to the profession of IPR or its study.
Intellectual property gets divided into two broad categories:
industrial property and Copyrights. Industrial property usually
consists of the parameters like patents, inventions, industrial
designs, trademarks, indications of sources on a geographic
level, and so more. While, on the other hand, copyrights under
intellectual property includes the factors like paintings, arts,
literary, artistic works, and so more.