Abstract
Different types of intellectual property rights are awarded to their creators for a fixed period i.e. 20 years as remuneration for the specific research they have done. During this period, no one or any commercial manufacturing company can use any of the above five rights in the production rights without the permission of the manufacturer. Only the manufacturer of the goods has a monopoly on the production or commercial use of the goods during this period. In return for the labor, money and time spent by the manufacturer, the government of the country gives him this monopoly. No one but her owner can make that thing during this period. So that production has no competition in the market. Since there is no competition then her prices are huge. These rising prices inevitably lead to conflicts between intellectual property rights, and other rights.
Keywords
- Intellectual Property Right
- Commercial Manufacturing
- Commercial Use
How to cite
Shrirame Dr. Raju Ghanshyam(2020).Intellectual Property Rights & It’s Nature IPEM JOURNAL OF INNOVATION IN TEACHER EDUCATION, 5(1), 15–18.