Intellectual property rights and their benefits In this blog, we have discussed about the intellectual property rights and their benefits for people in a user friendly manner. Intellectual property rights are the legal protection offered to the owners for the protection of their property. To protect your idea form someone, you need to secure your idea using one or more of the four different types of intellectual property. IP’s are usually given to the creator of the product the rights to use his creation for a certain period of time Intellectual property rights enforcement Intellectual property system was developed to make its intended beneficial contribution to economic and social welfare. It plays a vital role in extending timeless services to the people over the country. The TRIPS Agreement broken new ground in the multilateral law by setting out general principles for the enforcement of IP rights. It makes effective, balanced and fair procedures available that provide for necessary remedies while also ensuring there are no obstacles to legitimate trade and providing safeguards against misuse of enforcement measures. The types of intellectual property rights: There are four types of intellectual property rights such as trade mark, trade secrets, patent, and copyright etc. Multiple types of intellectual property rights that can be used to protect an invention: Most of the people do not know that they are able to protect their invention using multiple types of IP rights. However, most of the products can be protected by intellectual property rights. For example, bottle of Coca-Cola®. The brand name “Coca-Cola,” is a trademark. The reaction of the actual soda is a trade secret and the copyright protects the packaging art. The shape of the CocaCola bottle is protected by design patent and trademark. How trademark registration is advantageous to your business? Trademarks are usually known to be brand name or logo more than its legal term. It is a combination of symbols, names, words, numerals that is graphically registered as trademark under the trademark registration act, 1999. The registration of the trademarks grants the user, certain rights to use the unique symbol in order to distinguish the products in the form of goods and services from those competitors present in the market. However, the Brand Name registered with respect to services is known as the service marks. The section 2(1) of the trademark act, 1999 is an inclusive one and it covers within its ambit anything that is capable of being graphically represented and distinguishing any product. It was found that motion mark cannot be presented in its pure form; it must be presented before the registrar as a combination of marks. For instances, sound and movement are presented together, like in the case of Sony Ericsson and Nokia. The Indian Trademark Law and Practice have expanded its purview recently to accommodate protection of various and different types of non- traditional.