SSC CGL Typing Test 41

Intellectual Property Rights (IPR) protect creations of the mind. They include patents, copyrights, trademarks, and trade secrets. IPR encourages innovation and creativity. Patents protect inventions and technical solutions. Copyrights cover literary and artistic works. Trademarks protect brand names and logos. Trade secrets protect confidential business information. Geographical Indications (GI) identify goods from a specific region. Strong IPR laws attract foreign investment. They allow creators to earn recognition and financial benefit. Infringement of IPR is illegal and punishable. The World Intellectual Property Organization (WIPO) promotes IPR globally. India's IPR policy aims to foster an innovation ecosystem. Startups rely on IPR to protect their ideas. Universities and research institutes generate valuable IP. Balancing IPR protection with public access is important. Patenting of life forms and medicines is debated. Counterfeit goods harm the economy and consumers. Digital piracy affects the entertainment industry. Awareness about IPR is growing among entrepreneurs. Licensing allows IP owners to monetize their assets. IPR disputes are resolved through legal channels. Traditional knowledge is also protected under specific laws. A robust IPR regime supports economic growth. Respecting IPR fosters a culture of innovation.