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It is a statutory right which was granted by the government of India and in return the inventor of the patent have to completely disclose their creation. This way it permits the inventors of the Patent to purposively create international patent portfolios. INTRODUCTION The Patent Act was enforced on 20 th April, 1972.
When an inventor is granted exclusive rights over their inventions for a specific period of time, it provides a return on their investment in terms of time, resources and capital. The idea that a specific invention will allow the inventor to reap benefits has a direct effect on incentivising inventors to create and invent more.
In a limited sense, the IT Act, 2000’s discussion of intellectual property and protection problems omitted the issue of technological misuse from its legislative framework. vii] NFTs are prone to “copyfraud” and other violations of the moral rights of the inventor.
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After using a fragment of the imagery from the advertising in his painting, Koons gave the image new significance in his 2000 piece Niagara. The picture was released in PublicDomain without permission, which is the issue with this. However, the Courts claimed that since Koons had seen the image in Allure Magazine.
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