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One of the first things that you should know about when starting a business is all about intellectual property law. There are not many people that know and understand this aspect completely.
The term Intellectual Property (IP) denotes the human mind’s creations that include literary and artistic works, symbols, names, inventions, etc., used in commercial ventures. With the rapid expansion of the global economy, Intellectual Property Law in Bangladesh, along with the corresponding rights, has become an absolute asset to the overall development of the country. In general, IP is protected by patents, geographical indications, trademarks, industrial designs, and more that enable people to earn recognition and benefits from what they have created or invented. IP Law in Bangladesh or any other nation aims to develop an environment that can ensure the right balance amid the interests of inventors and the public.
Since Intellectual Property Rights (IPRs) refer to the rights to exclude others from using or commercializing an asset protected under a trademark, copyright, or patent, they sometimes confer negative rights. This concept shows that there is a growing need to revise the Intellectual Property Law in South Africa (SA) to ensure that those who want to access healthcare aren’t denied healthcare lifesaving medication.
Like many other nations, the immense umbrella of Intellectual Property Law in South Africa (SA) also encompasses the legislation that involves patents, trademarks, industrial designs, and copyright protection. Intellectual property (IP) refers to intangible assets that are created through human intellect. Although beneficial to the owner (creator/ producer) in many ways, these IP assets are vulnerable to exploitation by third parties and should be protected by a powerful means. IP law is one of the best ways famous for protecting intangible IP that can hold immense value. It is a crucial source used to restrict the unlawful use of inventors’ unique assets, and thus, ensure the Intellectual Property Protection in South Africa and other regions worldwide.
Intellectual Property (IP) appears to be one of the most valuable assets for almost every startup. That’s why many startups put the Intellectual Property Protection on top of their priorities. In addition to protecting products and services, these protections can influence the owners’ confidence and fundraising efforts. In other words, IP protection bestows businesses and entrepreneurs with a tremendous sense of confidence and passion to not only succeed but also become a leader in the relevant area.
The driving force behind almost every startup is the novel idea or product with which it enters into the market. Putting this idea or product into practice correctly and securely is what transforms small startups into million-dollar corporations. For this reason, startups should have a well-protected Intellectual Property (IP) strategy, which acts as a significant aspect of their competitive advantage and attractiveness to consumers as well as investors.
In this *******www.artistshousemusic**** interview, attorney and educator Russell Rains gives a capsule history of intellectual property and copyright law from the eighteenth century to present day.
History of the IP system in Bangladesh
The earliest legislation found to protect IP in Bangladesh was the Patents, Designs, and Trademarks Act of 1883. However, it was repealed, and the new Patents and Designs Act of 1911 and the Trademarks Act of 1940 were enacted respectively. Then, in 2003, both these Acts were amended, and the Departments of Patents, Designs, and Trademarks (DPDT) was created by merging two independently operational offices – the Patent Office and the Trademark Registry Office. The Trademarks Act 2009 was enacted after the Trademarks Ordinance was promulgated in 2008.
Mr.Talal Abu-Ghazaleh talks about the concept of intellectual property, the application of intellectual property laws and the protection of intellectual property rights in the middle east in an interview with Iqra`a channel
Mr.Talal Abu-Ghazaleh talks about the concept of intellectual property,about the international organizations that are involved in this issue,and the methods used for the application and the enforcement of intellectual property laws.