Intellectual Property Rights In India: Challenges And Solutions

Intellectual property rights are the product of the human mind. Countries of the world have been protecting them by making their own laws for centuries. The World Trade Organization was formed in 1995. Agreement on the Trade related aspect of intellectual property rights (TRIPS) or TRIPS is an agreement of this organization. All the countries which are members of the World Trade Organization have to accept it and make their laws accordingly. We are also changing the laws related to intellectual property rights due to this so that they become TRIPS compliant. This is why many people say that we are not changing the laws because we need them but because TRIPS says so and because of the World Trade Organization and TRIPS we have lost our sovereignty. Anyway, this controversy is different. We have to talk about open source software and are only learning a little about intellectual property rights in this regard. India and America want to take mutual trade to new heights through bilateral relations. But intellectual property rights come in the way. On one hand, while there are some flaws in India's intellectual property rights system, some negativity has also been shown from America's side. But we can understand the dispute, the reason for the dispute and the process of resolving disputes only when we know well about intellectual property rights, so let us first understand what intellectual property rights are?