Intellectual Property: A Necessity for Common People

Abstract

Eversince the WTO came into being in 1995, there has been an upsurge in intellectual property practices, worldwide. Many laws have been redrafted to prevent unlawful use of intellectual property earned by individuals, organizations and even by countries. The domain of intellectual property practices is not restricted to high teach areas of science but has engulfed the fields of business methods, art, literature, entertainment etc. To cite an example: there is a possibility to protect a business method in the US, by a patent. Though currently it is restricted to one country only, the scenario may change soon when other countries al so amend their laws. Patent enforcement though has been holding the top slot in intellectual property practices, yet of late enforcement of copyrights, geographical indicator have also attracted attention of IP professionals word wide. The former having a strong bearing  on the entertainment industry both in audio and cinematography. The latter has relevance to a country as a whole by way of

origin of goods and or services. This paper deals in depth in the role of intellectual property in shaping the life of common man. The paper also deals in establishing that IP has a key role to play in improving the life of common man both materially and culturally.