Intellectual Property Rights (IPR): Meaning, Types and Benefits

Corporate Secretary Service Indonesia – In the business world, the term copyright or intellectual property rights must be familiar. Intellectual property rights is a term that refers to the rights granted to creators of intellectual works. In short, Intellectual Property Rights are intended for products and services to get legal protection.

Intellectual property rights are one way to protect against plagiarism, which is important for work owners or business people. The purpose of holding intellectual property rights is to encourage innovation and creativity in society to continue to grow. To find out the meaning, types and benefits again, read the following article.

Definition of Intellectual Property Right

IPR or Intellectual Property Rights or Hak Kekayaan Intelektual (HAKI) is the right to obtain protection for intellectual property owned by a person, group or company. Basically, intellectual property rights are rights obtained by a person when successfully making products, services, or processes that are useful for the wider community.

HAKI or IPR is based on the idea that an intellectual work requires sacrifices ranging from large costs, time and energy. Therefore, HAKI needs protection and HAKI needs legal force. IPR allows creators and owners of works to control the use and benefit from the results of their work.

IPR or HAKI is only granted and applies to the owner, creator, inventor, or holder of an intellectual work. Without the permission of the owner, any party is prohibited from copying, using, and utilizing it in commerce.

Types of Intellectual Property Rights

IPR is divided into 2 (two) categories, namely:

• Copyright is the exclusive right of the creator that arises automatically based on the declarative principle after a work is realized in tangible form without reducing restrictions in accordance with the provisions of laws and regulations.
• Industrial Property Rights are exclusive rights granted by the government to protect works, copyrights, and inventions from unauthorized use or theft by others. There are several types of industrial property rights, including:
• Patent is the exclusive right to manufacture, sell, and import a patented product or technology for 20 years.
• Trademark is the exclusive right to use a name or logo in order to market a product or service.
• Copyright is the exclusive right to produce, sell, or distribute a work of art or literature
• Product Design is the exclusive right to use the design of a product that has been registered
• Trade Secret is the exclusive right to keep an invention or technological innovation secret that has not been publicized.

Read Also: Learn What SNI is and it’s Types

Benefits of IPR

The following are some of the benefits of intellectual property rights, including:

• For the Business World, the benefit of IPR is for protection against misuse or counterfeiting of intellectual work owned by other parties domestically or abroad. Companies that have been built get a positive name in competition if they have legal protection in the field of IPR.
• For inventors, the benefit of intellectual property rights is to ensure legal certainty for both individuals and groups and avoid losses due to fraud or forgery from other parties.
• For the government, the benefit of intellectual property rights is to improve the positive image of the government at the WTO level and also as a source of foreign exchange obtained from the registration of intellectual property rights.
• Right holders obtain legal certainty so that they can conduct their business without interference from other parties.
• If there is an infringement or imitation by another party, the right holder can file a legal remedy both civil and criminal.
• Other parties are granted permission by the right holder or license.

Conclusion

Intellectual property rights have an important role in protecting the rights of creators and owners of works. With an understanding of the meaning, types and benefits of intellectual property rights, you can use intellectual property rights wisely, protect your work, and take advantage of the opportunities offered by intellectual property rights protection. In recognizing and understanding the legal basis of IPR in Indonesia, you can protect and encourage creativity and innovation.

Don’t worry about developing your business by setting up a company in Indonesia, because Portcorp is here as a solution for your business, also when you need Intellectual Property Right. Portcorp is your comprehensive corporate secretary service in Indonesia. With our presence, you can get a dedicated company secretary to support you to what you need. Our company secretaries will track deadlines and file paperwork so your business keeps running smoothly. Contact us now on +6221-5020-8090 for your business succeed in the future!