following is not a characteristic of IPR
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Nature & Characteristics of Intellectual Property Rights
(1) Intangible property. ...
(2) Rights & Duties. ...
(3) Creation of Statute. ...
(4) Territoriality. ...
(5) Assignable. ...
(6) Dynamism. ...
(7) Subject to public policy. ...
(8) Subject matter of IPR Protection.
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IPR i.e. Intellectual Property Rights are the legal rights that provide creators protection for inventions, and original works. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.
Explanation:
Primarily, there are nine categories of Intellectual Property rights which are as follows:
- Copyright and related rights
- trademarks including service marks
- Geographical indications
- Industrial designs
- Layout designs of integrated circuits
- Trade secrets
- Patents
- Patenting of microorganisms and
- New plant varieties (seeds and other propagating material)
Some exquisite characteristics of Intellectual Property Rights are as follows:
- It creates and supports high-paying jobs.
- It drives economic growth and competitiveness
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