Intellectual Property Law : Report

Added on - 14 Jan 2020

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INTERNATIONALINTELLECTUAL PROPERTYLAW
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3(i) Intellectual Property Rights and its intention..........................................................................4(ii) Intention of IPR has conflict with EU single market principles...........................................7(iii) Solutions according to case law....................................................................................10(i) Free movements of good principles on IPR................................................................10(ii) Rights conferred on owners of IP..................................................................................11(iii) Condition for exhaustion of IPR....................................................................................12(iv) Consequences of exhaustion...........................................................................................13Conclusion....................................................................................................................................14.................................................................................................................................15REFERENCES..............................................................................................................................16
INTRODUCTIONIntellectual property rights protect a firm's untouchable assets which allowingenterprises to profit from their creative and innovative activities. Untouchable assets accountfor more than half value of the companies and their importance is growing. Companiescompete more on quality, creativity, price, innovation. Intellectual property is a powerful tool ofany company to become more competitive1. Intellectual property rights given to a person anda company over the creativity. It is the protection granted to the creator of intellectual property.Intellectual property law is creation of exclusive rights from the exploiting and benefiting fromcreation by other. This will encourage creative activities and allow investor in research andhelps to develop a fair return on investment.This report is mainly focus on Intellectual Property Law especially trade and copyright.In this report there are the meaning and definition of Intellectual Property Rights with theintention of intellectual property rights legislation along with case law. There is the explanationof how the intention of intellectual property rights has potential to conflict with EU single marketprinciples. This report is mainly considered on the case of Deutsche GrammophonGesellschaft mbH v. Metro-SB-Grossmarket GmbHand Co. K.G., With the free movement ofgoods, rights conferred on owner and condition of exhaustion along with consequence ofexhaustion.1Torremans, P..Copyright Law: A Handbook of Contemporary Research. 2009.EdwardElgar Publishing
(i) Intellectual Property Rights and its intentionIntellectual property rights basically refers to the protection of creations of the mind,which have moral and commercial value. Intellectual property rights allow the owner of patent,trademarks and copyright work to benefit from their own work in creation2. It is the creation ofprotection of exclusive rights from benefits taken by other. Intellectual property rights may havea direct and substantial impact on industry and trade as the owner of it may through theenforcement of such right, prevent the manufacture, sale of product. Intellectual property lawdeals with the rules for securing and enforcing legal rights to inventions and creative work. Lawprotects the ownership of personal property and protect the exclusive control of untouchableassets.Intellectual property rights are legal rights. This rights are safeguard of creator ofintellectual goods and services3. Intellectual property includes the rights relating to:Protection provided from unfair competitionInventions concerning with attempts made by humans in all fieldsIndustrial designDesignation, trademarks, commercial names and service markPerformance given by artistsDiscoveries made in scientific fieldsProtection of intellectual property comprises of three mechanisms:2Bosworth, D.L.Intellectual property rights. , 2014. Elsevier.3Checque, J. A. and Jensen, S. M. INTELLECTUAL PROPERTY RIGHTS.2010..Encyclopedia of Contemporary American Social Issues, p.178.
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