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Impact of Intellectual

Property Rights

Presentation on

Mr. Md. Rahimullah Miah

Lecturer in MIS Department of Business

Administration Leading University, Sylhet,

Bangladesh

Prepared for

Moez Al Azim Ansary ID No: 1101010183 Section: D Semester: 7th Batch: BBA-27th Department: Business

Administration Leading University, Sylhet,

Bangladesh

Prepared by

Impact of Intellectual

Property Rights

Intellectual property refers the creation of mind which depends on one’s intellectual ability. IPR is the rights obtained by a person or a company to use, sell and protect his own invention. IPR provides security to one’s intellectual property and protects one’s exclusive innovation from illegal usages. It encourages people to new innovations and ensures the consumers to get original products. IPR helps to economic and social developments.

Abstract

Today I discuss on the following topic of IPR: Introduction to IPR Relevant Problems of IPR IP related laws in Bangladesh Types of IP rights existing in Bangladesh Impacts of IPR Criticisms of IPR Methodology of the Study Result & Discussion of the research

Overview

Intellectual Property Rights are the rights to protect

one’s intellectual property or an exclusive

innovation.

Patent, Copyright, Industrial Design Rights and

Trademark are the form of IPR using in Bangladesh.

Introduction

The major problems/threats to Intellectual Property Rights are...

Piracy Internet Challenges Immorality Tendency to Make Profits Cost for IPR

Relevant Problems of IPR

The problems created by IPR are...

Monopoly Business Hindering Development

The Patents and Designs Act -1911;

The Trademarks Act – 2009;

The Copyrights Act – 2000 (Amended in 2005).

IP related laws in Bangladesh

Patent > new invention, product or process, new technical solution to a problem [Protection for 16 years from date of fill application]

Industrial design > artistic & visual design(Shape & Color) [Registration validity 5 years; twice renewable ]

Trademark > sign/symbol indicate a certain source [Protection for 7 years; Renewable every after 10 years on the payment of renewal fees]

Copyrights > original intellectual work of literature, art, music, software, etc. [Existing up to 60 years after the death of copyright owner]

Types of IP rights existing in Bangladesh

Intellectual property

Industrial property

Patents

Trademarks

Designs

Literary and artistic property

Copyright Related rights

Use of IPR

© ® SM TM

Symbols of IPR

IndicatesCopyright

IndicatesRegisteredTrade Mark

IndicatesUnregisteredService Mark

IndicatesUnregisteredTrade Mark

Motivating the Individuals for new creations ; Providing control to the creators and inventors ; Ensuring material reward for intellectual

property ; Ensuring the availability of the genuine and

original products ; Maintaining differentiation ; Financial incentive ; Economic growth ; To stop copying ;

Impacts of IPR

Though IPR has many advantages, it has criticized from some angle. IPRs ensure a person to conduct monopoly business which may be a cause of high price of a particular product or service or any other intellectual things.

It is impossible to the people of list developed countries such as Bangladesh to buy or import original books and software from foreign countries with unbearable price. So, if prohibited to piracy of foreign books and software, the higher education will become dream to the students of LDCs, and the technological and medical development will be deadlock.

Criticisms of IPR

A methodology is usually a guideline system for solving a problem with specific components.

Methodology of the Study

Background of Study Area: Bangladesh

Research DesignResearch design is a logical and systematic planning in directing a research• Exploratory research design• Descriptive research design• Experimental research designDescriptive research design is followed in the research.

Data Collection Method• Primary Data• Secondary Data

Although IP laws exist in BD, these are disobeyed in many ways. Software, music & books piracy rate is high. 92% software in BD are pirated that’s MV is $147 million. 5% -10% of total music market consist of legal sales. 90%-95% music are illegally distributed in market that causes losses of $180 million. 80% text books in BD are pirated where 86% foreign books. These books’ MV $600 million.

Result & Discussion of the research

0%

40%

80%

120%

47%

5%25%

50%80% 90% 100%

60%53%

95%75%

50%20% 10% 1%

40%

Agree with IPR Disagree with IPR

Result & Discussion of the research (Contd.)

Survey Result

In different situations

Introducing the courses about basic concepts of IP rights

in colleges and universities of Bangladesh.

People should concern about IP rights.

People should reject the pirated products.

Acts/laws of copyright, patent, trademark and design

should be updated.

Employing special teams .

Processes of applying for IP rights to be easy and flexible.

Time duration for processing of IPR should be minimized.

Recommendations

Sample of IP rights

Example of Registered Trademark

Use Logo as Trademark

®

Use Font of Letter & Color combination as Trademark/ Design Rights

Wc

Use Sound as IP right

Thank you

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