Mohammad Towhidul Islam

A GI is customarily applied to industrial products, handicrafts, agricultural products, consumables, and wine and spirit beverages, the question is raised as to whether the Tangail saree falls under the definition described above

Intellectual property (IP)—evolving as an idea from the human intellect and embodied in a physical object—becomes a non-physical asset either for an individual or a company including a small and medium-sized enterprise (SME) by generating a quantifiable figure of economic benefits to it and also by increasing the value of other assets with which it is attached.

For a very long time, innovation and creativity endowed with intellectual property rights (IPRs)—patents, trademarks, geographical indications (GI), industrial designs, copyrights, etc.—have been powering change through ownership, reward and compensation. New products or new ways of doing things along with new forms of original artistic expressions are the result of such innovation and creativity.

The present market economy in the era of globalisation is based on knowledge, innovation and technological development. The ideas and innovations behind new technologies and inventions are manifestations of human imagination, creativity and ingenuity.

The music industry banks on royalties collected by the licensing of copyrighted songs and recordings as a key form of payment for