The Study On Intellectual Property Rights And Its Relevance For E–Commerce

The concept of intellectual property was developed in the 18th century, with the first federal statute on patents being passed in 1790. Intellectual property rights are the legal protection granted to individuals who have invented something new or created something original that is capable of being physically reproduced or transmitted. The scope of intellectual property rights varies from country to country, but generally any form of expression that falls within the jurisdiction of copyright law and patent law is protected as intellectual property (see section 20(1)(b) of the Copyright Act 1957). It cannot be revoked by anyone at all as it is not owned by anyone in particular. IP rights protect intellectual property in a wide variety of ways, covering protection of inventions and designs, protection for data and software, as well as protection for literary material like books and films. IP plays a role in facilitating smoother E-Commerce transactions.