A STUDY ON INTELLECTUAL PROPERTY RIGHTS & E-COMMERCE

Abstract

Intellectual Property (IP) is a legal term that has been associated with industrial property with copyrights and other rights in the similar field. It is a process where someone creates anything from their mind like inventions, literary, artistic works, designs, symbols, names and images which are used in commerce.[1]. The essence of IP in India is well established at all levels i.e Statutory, Administrative and Judicial. India in its meeting with World Trade Organization had ratified an agreement which is in relation to Trade Aspects of Intellectual Property Rights (TRIPS) which was enforced on 1st January 1995. As per the agreement, there shall be minimum standards for the protection and enforcement of intellectual property rights in member countries which are required to promote the effective and adequate protection of intellectual property rights with a view to reducing distortions and impediments to international trade.[2] The main pillars of Intellectual Property law are copyrights, patents and trademarks and these three pillars are governed and described fully under the respective statutes which are Indian Copyrights Act 1957, The Patents Act 1970 and The Trademarks Act 1999.