Legal Framework on Intellectual Property Rights: A Comparative Study of Laws in Indian Subcontinent

Intellectual Property Rights (IPR), which can be defined as Rights acquired over a property created with the intellectual effort of an individual. Intellectual Property Rights is an extension of Common Law concept of ownership. ideas, concepts, expression, intellect, creativity, the intangible forms of human capabilities are treated as tangible property capable of being owned by their creators in the same manner as any tangible object is and,therefore,like any other property,need to be protected by law. Intellectual Property is an integral part of the business concept and is best understood and utilized with that context. In the recent past valuation of intangible assets related to intellectual property has gained a considerable importaance. The devlopment of IPR legislation in our country has been in parallel with the international scenario. This paper is an attempt to look into the Intellectual Property Rights and their enforcement within the international and national framework, especially in present Indian context, in detail. It will also try to analyze the role of international Intellectual Property (IP) treaties, conventions and other general laws available for the protection and enforcement of the IPRS.