Komal has started a herbal toothpaste manufacturing unit. She has… - Vidyadip

Question

Komal has started a herbal toothpaste manufacturing unit. She has decided about the logo, packaging format and labelling of the product. Her friend Neha asked her whether she has taken care of the legally recognised exclusive rights of other manufacturers in the industry before taking the above-stated decisions?
Identify and give the meaning of the concept about which Neha asked Komal.

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Answer

Intellectual Property Rights.
Intellectual property (IP) rights are the legally recognised exclusive rights to creations of the mind. Under this law, owners are granted certain exclusive rights to a variety of intangible assets.

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