Understanding Intellectual Property Rights

📋 Course Outline

1. Definition of IPR
2. Rival vs Non-Rival Goods
3. Exclusive and Non-Exclusive Goods
4. Purpose of IP Rights
5. Types of IP Rights
6. Subject Matter of Copyright
7. Patentability Criteria
8. Patent Infringement Types
9. Trademark Functionality
10. Trademark Registration Limits

📖 1. Definition of IPR

🔑 Key Concepts & Definitions

• Intellectual Property Rights (IPR) are rights granted by law to intangible assets created by a person in industry, science, literature, or art (see Justine Pila and Paul Torremans, 2019).
• Subjective rights are rights created by law that give the holder exclusive control over certain uses of an intangible good within a limited term and territory (see Justine Pila and Paul Torremans, 2019).
• Intangible assets refer to creations or inventions in science, industry, literature, or art that cannot be touched or physically owned but are protected by IPR (see Justine Pila and Paul Torremans, 2019).
• Limited term and territory means IPRs are not perpetual; they last for a specific period and are valid only within designated geographic areas, such as national, regional, or international zones (see Justine Pila and Paul Torremans, 2019).
• Objects of property indicates that IPRs are not property rights themselves but are objects of property, meaning they are assets that can be sold or licensed, but the creation or invention belongs to the public domain from day one (see…