Introduction

Intellectual property is a intangible property. It is a type of property can be owned by an individual or business. It is not physical or tangible property, like a gold or car or home.

Intellectual property is known as intangible creation thoughts or mind by the human intellect. Intellectual property rights protects the interest of the intellectual property creator and encourages the innovation in creativity for the benefit of the society.

Types of intellectual properties are

• THE PATENTS ACT, 1970
• THE TRADE MARKS ACT, 1999
• THE PROTECTION OF PLANT VARIETIES AND FARMERS’ RIGHTS ACT, 2001
• THE COPYRIGHT ACT, 1957
• THE DESIGNS ACT, 2000
• THE GEOGRAPHICAL INDICATIONS OF GOODS (REGISTRATION AND PROTECTION) Act, 1999
• THE SEMICONDUCTOR INTEGRATED CIRCUITS LAYOUT-DESIGN ACT, 2000