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CS Professional · Intellectual Property Rights - Law and Practice · Introduction to Intellectual Property

Meera Textiles of Surat created a unique block-print pattern and a distinctive brand name for its sarees. A competitor copies both without permission. Which statement best describes the nature of the rights Meera Textiles holds in these creations?

Intellectual property is an intangible asset created by the mind, and its owner holds exclusive rights to stop others from using it without permission. Meera Textiles' pattern and brand name are therefore protectable property, not rights tied to physical sarees or limited to claims against the Government.

  1. AThey are intangible assets arising from creations of the mind, and the owner can exclude others from unauthorised useCorrect
  2. BThey are tangible assets that exist only when the sarees are physically sold
  3. CThey are personal rights that end as soon as the first saree is sold
  4. DThey are rights that arise only against the Government and not against private competitors

Explanation

Intellectual property consists of intangible assets resulting from human intellect, such as designs and trade marks. The owner gets exclusive rights to prevent unauthorised use by others. Option B is wrong because the right is intangible and independent of physical goods.

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