Intellectual property rights (IPR) play a vital role in our daily livesas it reinforces the prominence of its elements associated with every common product range. Defining Intellectual Property Rights (IPRs) as the legal rights that protect creations and/or inventions resulting from intellectual activities in the scientific, industrial, artistic or literary fields the most common IPRs include Patents, Copyrights and Trademarks. The significance of intellectual property rights lies in encouraging innovation and development of products and services thereby providing protection rights to the inventor or developer. It also plays an important role in developing a distinctive product identity which helps the businesses grow and helps the consumers make an educated choice about the reliability, safety and effectiveness of their purchase.

In this regard, World Trade Center Bhubaneswar in association with Sri Sri University and Lex Protector LLP organized a ‘Workshop on Intellectual Property Rights’ on a virtual mode to provide introduction to IP as well the various aspects of IPR.  The session was facilitated by Mr. Aurobinda Panda, Founder and Managing Director, Lex Protector LLP.

Mr. Aurobinda Panda, Founder and Managing Director, Lex Protector LLP gave a comprehensive presentation on Intellectual Property Rights. He explained about thebasic concept of Intellectual Property, types of Intellectual Property and its classification. While stating about the various types of copyrighted works, he touched upon the features of Copyright deliberating on whom the right belongs to. He further explained about the Copyright Registration Procedure with the help of an insightful illustration. He deliberated on Copyright Infringement, remedy of Copyright Infringement and duration of Copyright Protection. In addition to that, he described about Trademark, functions of Trademark, Trademark distinctive, types of Trademark, benefits of Trademark registration and Trademark renewal process. Further, he briefed out on Patents, types of patents, patentability of an invention, Novelty, Inventive step, utility/industrial applications, what’s not patentable and outlined the entire procedure to file a patent.

Earlier in the session, Prof. (Dr.) Rabi Narayan Satpathy, Director O/o Vice-Chancellor &Dean of the Faculty of Emerging Technologies and Science (Special Charge), Sri Sri University in his keynote address spoke about the relevance of Intellectual Property rights in modern era, accreditation and its implications. He also put forth his questions about the topic and how such grants work in general.

The session witnessed a highly interactive Q&A session which added much value to the program.

Ms. Nimeshika Natarajan, Assistant Director, World Trade Center Bhubaneswar moderated the session and proposed the vote of thanks.