Intellectual property rights have found themselves in an elevated position over the last decade and brought to light the ever increasing advantages to those who enjoy this form of proprietary rights, due to economic liberalisation and the growth of cut-throat trade competition. Possession of a legally recognised intellectual property gives one a head start in the business and helps him maintain the early lead. But this may not be confused with unfettered freedom to exert …showed first 75 words of 370 total…

…showed last 75 words of 370 total…Industrial Revolution and thereafter the tort of passing off was evolved to meet the immediate commercial need, and the later legislative enactments served as a supplement of this common law right. Intellectual property laws recognise some sort of monopoly of the grantee of a patent or owner of a trademark. It monitors the activities of market competitors and licensees. Of late there have been a lot of activities to ascertain and strengthen intellectual property rights