Intellectual Property Rights (IPRs)

Protection of Innovations

Innovations are crucial and cost-intensive at modern businesses. Intellectual property rights (IPRs), amongst other rights, may be a viable option for efficiently protecting innovations. IPRs provide a systematic course of action against copies, plagiarism and the illegal exploitation of innovations. IPRs can assist in business’ long term success.

Choice of IPRs

Often an innovation may not be adequately protected by a single IPR. The term “IPR” refers to several different intellectual property rights which each serve to protect different aspects of a single innovation. Therefore, an optimized IPR concept should also take individual business objectives and needs into account.

The individual IPRs differ from each other with respect to their requirements for protection, their territorial and temporal protection, and the related individual formal proceedings. They are divided systematically into technical and non-technical IPRs.

Technical IPRs - Patents and Utility Models

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Nontechnical IPRs - Trademarks and Designs

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Plant Variety Right Protection, Plant Breeders’ Right (PBR)

Varieties of all botanical genera and species may be protected by a PBR, provided a variety is distinct, uniform, stable and new.