The role of Indian judiciary with special reference to global I P regime

Intellectual Property pertains to invention/creation/innovation of any artistic, literary, scientific creation, concept etc. by human intellect. Intellectual property rights refer to rights vested by the state to the inventor or creator. IPR is a strong tool, to protect investments, time, money, effort and the like invested by the inventor/creator of an Intellectual Property, since it grants the inventor/creator an exclusive right for a certain period of time for use of his invention/creation. Thus IPR, in a way, aids the economic development of a country by promoting healthy competition and encouraging industrial development and economic growth. Lately due to globalization, easy accessibility to information, technology, development of innovative models of business and shrinking of trade barriers by formation of groups and associations of countries like EU, SAARC, NAFTA, G-8 etc. intellectual property has acquired a trans-boundary effect making it increasingly vulnerable to infringement. The judiciary can play vital role in protection of private and other rights which will eventually depend upon the perceptions of those who have to struggle and acquire it. It is therefore essentiality that they thoroughly realize the nature of the rights recognized by law, the need for their protection and the steps required to be taken in case of urgent matters. The Judicial Academy is established for providing periodic grooming and refreshers which can keep the decision maker abreast of the requirements of time and situations and be aware of the significant role that they have to play.