CHANGING FACE OF INTELLECTUAL PROPERTY LAW IN INDIA WITH THE ENACTMENT OF THE DESIGNS ACT 2000

Abstract Intellectual property is a creation of the human mind which cannot be quantified and is an intangible creation of an individual’s brain. It is usually expressed or translated into a tangible form which is capable of having certain rights assigned to it. Examples of intellectual property include an author's copyright on a book or article, a distinctive logo design representing a soft drink company and its products, unique design elements of a web site, or a patent on the process to manufacture chewing gum. with the turbulent change seen in the trade environment, Intellectual Property has become all the more important as is characterized by global competition, high innovation risks, short product cycle, need for rapid changes in technology, high investments in research and development (R&D), production and marketing and need for highly skilled human resources.