Question
Which of the following statements is incorrect about
Intellectual Property?Solution
- Statement (a) is incorrect because a patent only grants exclusive rights to make, use, or sell an invention within the country where it is granted. It does not provide worldwide protection unless filed in multiple countries.
- Statement (b) is correct as trade secrets can be protected indefinitely, provided the information remains confidential.
- Statement (c) is correct; trademarks are valid for 10 years, after which they need to be renewed to maintain protection.
- Statement (d) is correct: Copyright is granted automatically upon the creation of an original work, though registration provides additional legal advantages.
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