This is an accepted version of this page
79-728: The Taj Mahal Palace is a heritage, five-star, luxury hotel in the Colaba area of Mumbai , Maharashtra , India , situated next to the Gateway of India . Built in the Indo-Saracenic style, it opened in 1903 as the Taj Mahal Hotel and has historically often been known simply as "The Taj". The hotel is named after the Taj Mahal , which is located in the city of Agra approximately 1,050 kilometres (650 mi) from Mumbai. It has been considered one of
158-484: A meteorological observatory was established in 1826 in the part that was called Upper Colaba. The Colaba Causeway was completed in 1838, and thus, the remaining two islands were joined to the others. Gradually, Colaba became a commercial center, after the Cotton Exchange was opened at Cotton Green in 1844. The real estate prices in the area went up. The Colaba Causeway was widened in 1861 and 1863. Colaba became
237-499: A "bias" by confusing these monopolies with ownership of limited physical things, likening them to "property rights". Stallman advocates referring to copyrights, patents and trademarks in the singular and warns against abstracting disparate laws into a collective term. He argues that, "to avoid spreading unnecessary bias and confusion, it is best to adopt a firm policy not to speak or even think in terms of 'intellectual property'." Similarly, economists Boldrin and Levine prefer to use
316-448: A breach of civil law or criminal law, depending on the type of intellectual property involved, jurisdiction, and the nature of the action. As of 2011, trade in counterfeit copyrighted and trademarked works was a $ 600 billion industry worldwide and accounted for 5–7% of global trade. During the Russian invasion of Ukraine , IP has been a consideration in punishment of
395-670: A limited period of time. Supporters argue that because IP laws allow people to protect their original ideas and prevent unauthorized copying, creators derive greater individual economic benefit from the information and intellectual goods they create, and thus have more economic incentives to create them in the first place. Advocates of IP believe that these economic incentives and legal protections stimulate innovation and contribute to technological progress of certain kinds. The intangible nature of intellectual property presents difficulties when compared with traditional property like land or goods. Unlike traditional property, intellectual property
474-402: A lower price. Balancing rights so that they are strong enough to encourage the creation of information and intellectual goods but not so strong that they prevent their wide use is the primary focus of modern intellectual property law. By exchanging limited exclusive rights for disclosure of inventions and creative works, society and the patentee/copyright owner mutually benefit, and an incentive
553-562: A lower price. Balancing rights so that they are strong enough to encourage the creation of intellectual goods but not so strong that they prevent the goods' wide use is the primary focus of modern intellectual property law. The Venetian Patent Statute of 19 March 1474, established by the Republic of Venice , is usually considered to be the earliest codified patent system in the world. It states that patents might be granted for "any new and ingenious device, not previously made", provided it
632-478: A man has a natural and absolute right—and if a natural and absolute, then necessarily a perpetual, right—of property, in the ideas, of which he is the discoverer or creator; that his right of property, in ideas, is intrinsically the same as, and stands on identically the same grounds with, his right of property in material things; that no distinction, of principle, exists between the two cases". Writer Ayn Rand argued in her book Capitalism: The Unknown Ideal that
711-509: A paradigm shift". Indeed, up until the early 2000s, the global IP regime used to be dominated by high standards of protection characteristic of IP laws from Europe or the United States, with a vision that uniform application of these standards over every country and to several fields with little consideration over social, cultural or environmental values or of the national level of economic development. Morin argues that "the emerging discourse of
790-438: A patent for five, ten or fifteen years." In Europe, French author A. Nion mentioned propriété intellectuelle in his Droits civils des auteurs, artistes et inventeurs , published in 1846. Until recently, the purpose of intellectual property law was to give as little protection as possible in order to encourage innovation . Historically, therefore, legal protection was granted only when necessary to encourage invention, and it
869-541: A result of losing the British customers after Indian independence . The Taj Mahal Hotel was home to legendary jazz musician Micky Correa, "The Sultan of Swing", from 1936 to 1960. Management of the Taj Mahal Hotel was franchised to Pan Am 's Inter-Continental Hotels division in 1972 and it was renamed The Taj Mahal Inter-Continental , with the new tower wing opening that same year. Known today as The Taj Mahal Tower, it
SECTION 10
#1732851451207948-533: A seafront road with a raised sea-side promenade was completed, and named as " Cuffe Parade " after T. W. Cuffe of the Trust. The Gateway of India , the art deco style Regal Theatre, the cafes ( Café Mondegar , Cafe Royal and Leopold Cafe ), and the Taj Mahal Palace & Tower , Royal Bombay Yacht Club , Bademiya Restaurant and Bagdadi restaurant, as well as a number of modern pubs, restaurants and clubs all add to
1027-519: A separate municipality ward in 1872. The Sick Bungalows (now known as INHS Asvini) were built in the 19th century. The construction of the Afghan Church after the First Afghan War of 1838) began in 1847. The Church was consecrated in 1858, with the work on the steeple being concluded in 1865. The horse-drawn tram-cars were introduced in 1873 by Stearns and Kitteredge , who had their offices on
1106-430: A symbol of Indian wealth and progress". The hotel was attacked on 26 November 2008, during which material damage occurred, including the destruction of the hotel's roof in the hours following. Hostages were taken during the attacks, and at least 167 people were killed, including many foreigners. The casualties were mostly Indian citizens, although westerners carrying foreign passports were singled out. Indian commandos killed
1185-410: A two- or three-dimensional pattern used to produce a product, industrial commodity or handicraft. Generally speaking, it is what makes a product look appealing, and as such, it increases the commercial value of goods. Plant breeders' rights or plant variety rights are the rights to commercially use a new variety of a plant . The variety must, amongst others, be novel and distinct and for registration
1264-432: Is "indivisible", since an unlimited number of people can in theory "consume" an intellectual good without its being depleted. Additionally, investments in intellectual goods suffer from appropriation problems: Landowners can surround their land with a robust fence and hire armed guards to protect it, but producers of information or literature can usually do little to stop their first buyer from replicating it and selling it at
1343-471: Is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents , copyrights , trademarks , and trade secrets . The modern concept of intellectual property developed in England in the 17th and 18th centuries. The term "intellectual property" began to be used in
1422-549: Is a form of right granted by the government to an inventor or their successor-in-title, giving the owner the right to exclude others from making, using, selling, offering to sell, and importing an invention for a limited period of time, in exchange for the public disclosure of the invention. An invention is a solution to a specific technological problem, which may be a product or a process, and generally has to fulfill three main requirements: it has to be new , not obvious and there needs to be an industrial applicability . To enrich
1501-601: Is a trade secret for Coca-Cola .) The main purpose of intellectual property law is to encourage the creation of a wide variety of intellectual goods for consumers. To achieve this, the law gives people and businesses property rights to the information and intellectual goods they create, usually for a limited period of time. Because they can then profit from them, this gives economic incentive for their creation. The intangible nature of intellectual property presents difficulties when compared with traditional property like land or goods. Unlike traditional property, intellectual property
1580-416: Is an extension of an individual. Utilitarians believe that intellectual property stimulates social progress and pushes people to further innovation. Lockeans argue that intellectual property is justified based on deservedness and hard work. Various moral justifications for private property can be used to argue in favor of the morality of intellectual property, such as: Lysander Spooner (1855) argues "that
1659-645: Is considered similarly high in other developed nations, such as those in the European Union. In the UK, IP has become a recognised asset class for use in pension-led funding and other types of business finance. However, in 2013, the UK Intellectual Property Office stated: "There are millions of intangible business assets whose value is either not being leveraged at all, or only being leveraged inadvertently". An October 2023 study released by Americans for
SECTION 20
#17328514512071738-460: Is created for inventors and authors to create and disclose their work. Some commentators have noted that the objective of intellectual property legislators and those who support its implementation appears to be "absolute protection". "If some intellectual property is desirable because it encourages innovation, they reason, more is better. The thinking is that creators will not have sufficient incentive to invent unless they are legally entitled to capture
1817-614: Is different from violations of other intellectual property laws, since by definition trade secrets are secret, while patents and registered copyrights and trademarks are publicly available. In the United States, trade secrets are protected under state law, and states have nearly universally adopted the Uniform Trade Secrets Act . The United States also has federal law in the form of the Economic Espionage Act of 1996 ( 18 U.S.C. §§ 1831 – 1839 ), which makes
1896-432: Is indivisible—an unlimited number of people can "consume" an intellectual good without it being depleted. Additionally, investments in intellectual goods suffer from problems of appropriation—while a landowner can surround their land with a robust fence and hire armed guards to protect it, a producer of information or an intellectual good can usually do very little to stop their first buyer from replicating it and selling it at
1975-480: Is renowned for high-end boutiques and imitation consumer goods, and is popular with tourists. Notable residents include Ratan Tata , Anil Ambani , and Ravi Shastri . Colaba Causeway, or just "Causeway" as it is known in Mumbai, offers everything from bracelets to perfumes to clothes to watches, clocks, DVDs and CDs. It has an old English charm and a very modern feel as well. Colaba is also the art center of Mumbai, with all
2054-653: Is the Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS). The TRIPS Agreement sets minimum international standards for IP which every member of the World Trade Organization (WTO) must comply with. A member's non-compliance with the TRIPS Agreement may be grounds for suit under the WTO's Dispute Settlement Mechanism . Bilateral and multi-lateral agreements often establish IP requirements above
2133-448: Is to promote, as a deliberate act of Government policy, creativity and the dissemination and application of its results and to encourage fair trading which would contribute to economic and social development. The Anti-Counterfeiting Trade Agreement (ACTA) states that "effective enforcement of intellectual property rights is critical to sustaining economic growth across all industries and globally". Economists estimate that two-thirds of
2212-710: The Seven Islands of Mumbai ruled by the Portuguese . The Portuguese had acquired these lands from the Sultanate of Cambay by the Treaty of Vasai (1534) . The group of islands was given by Portugal to Charles II of England as a dowry when he married Catherine of Braganza in 1661. The cession of Mumbai and dependencies was strongly resented by Portuguese officials in Goa and Mumbai, who resisted transfer of possession for several years, while
2291-583: The fair use and fair dealing doctrine. Trademark infringement occurs when one party uses a trademark that is identical or confusingly similar to a trademark owned by another party, in relation to products or services which are identical or similar to the products or services of the other party. In many countries, a trademark receives protection without registration, but registering a trademark provides legal advantages for enforcement. Infringement can be addressed by civil litigation and, in several jurisdictions, under criminal law. Trade secret misappropriation
2370-507: The 1760s and 1770s over the extent to which authors and publishers of works also had rights deriving from the common law of property ( Millar v Taylor (1769), Hinton v Donaldson (1773), Donaldson v Becket (1774)). The first known use of the term intellectual property dates to this time, when a piece published in the Monthly Review in 1769 used the phrase. The first clear example of modern usage goes back as early as 1808, when it
2449-437: The 19th century, though it was not until the late 20th century that intellectual property became commonplace in most of the world's legal systems . Supporters of intellectual property laws often describe their main purpose as encouraging the creation of a wide variety of intellectual goods. To achieve this, the law gives people and businesses property rights to certain information and intellectual goods they create, usually for
Taj Mahal Palace Hotel - Misplaced Pages Continue
2528-609: The Arts (AFTA) found that "nonprofit arts and culture organizations and their audiences generated $ 151.7 billion in economic activity—$ 73.3 billion in spending by the organizations, which leveraged an additional $ 78.4 billion in event-related spending by their audiences." This spending supported 2.6 million jobs and generated $ 29.1 billion in local, state and federal tax revenue." 224,000 audience members and over 16,000 organizations in all 50 states and Puerto Rico were surveyed over an 18-month period to collect
2607-456: The British took over the island in the late 17th century, it was known as Kolio. The name Colaba comes from Kolabhat , a word in the language of Kolis , the indigenous inhabitants of the islands, before the arrival of the Portuguese. The area that is now Colaba was originally a region consisting of two islands: Colaba and Little Colaba (or Old Woman's Island ). The island of Colaba was one of
2686-449: The EU, and which has not entered into force, requires that its parties add criminal penalties, including incarceration and fines, for copyright and trademark infringement, and obligated the parties to actively police for infringement. There are limitations and exceptions to copyright , allowing limited use of copyrighted works, which does not constitute infringement. Examples of such doctrines are
2765-799: The English in about 1762, subject to the retention of Portuguese ownership of a house on the island, that is now the Blessed Sacrament Chapel in Middle Colaba. This was leased by the Portuguese Government of Goa to the Bishop of Damao , the head of the Padroado party in Mumbai, as his residence. After an attempt by the Propaganda Fide party to seize the chapel, a court ruled that the house remained
2844-618: The English representatives were confined to the island of Anjediva while negotiations continued. Angered by the back-tracking, Charles II leased these lands to the British East India Company for a nominal annual rent. Gerald Aungier , second Governor (1672), and the president of the English settlement of Surat , took possession of Colaba and Old Woman's Island on behalf of the Company in 1675. Portugal continued to hold Little Colaba island for several decades more before ceding it to
2923-504: The US), supplementary protection certificates for pharmaceutical products (after expiry of a patent protecting them), and database rights (in European law ). The term "industrial property" is sometimes used to refer to a large subset of intellectual property rights including patents, trademarks, industrial designs, utility models, service marks, trade names, and geographical indications. A patent
3002-460: The United States) but several jurisdictions incorporate infringement in criminal law also (for example, Argentina, China, France, Japan, Russia, South Korea). Copyright infringement is reproducing, distributing, displaying or performing a work , or to make derivative works , without permission from the copyright holder, which is typically a publisher or other business representing or assigned by
3081-417: The aggressor through trade sanctions, has been proposed as a method to prevent future wars of aggression involving nuclear weapons , and has caused concern about stifling innovation by keeping patent information secret. Patent infringement typically is caused by using or selling a patented invention without permission from the patent holder, i.e. from the patent owner. The scope of the patented invention or
3160-488: The atmosphere. The southern tip is occupied by a military cantonment, including the large Navy Nagar layout built on reclaimed land known as Holiday Camp. The older parts of the cantonment retains its large, wooded spaces and is the only bit of green left in this otherwise congested area. In the midst of Navy Nagar lies the Tata Institute of Fundamental Research (TIFR), one of India's leading scientific institutions. Colaba
3239-548: The attacks and that some countermeasures had been taken. These may have been relaxed before the attack, but in any case were easily sidestepped by the operatives. The less-damaged sections of the Taj Mahal Palace and Tower hotel reopened on 21 December 2008. It took several months to rebuild the popular heritage section of the Taj Mahal Palace Hotel. In 2017, the Taj Mahal Palace Hotel acquired an image trademark ,
Taj Mahal Palace Hotel - Misplaced Pages Continue
3318-428: The body of knowledge and to stimulate innovation, it is an obligation for patent owners to disclose valuable information about their inventions to the public. A copyright gives the creator of an original work exclusive rights to it, usually for a limited time. Copyright may apply to a wide range of creative, intellectual, or artistic forms, or "works". Copyright does not cover ideas and information themselves, only
3397-590: The controversy, the agreement has extensively incorporated intellectual property rights into the global trading system for the first time in 1995, and has prevailed as the most comprehensive agreement reached by the world. Intellectual property rights include patents , copyright , industrial design rights , trademarks , plant variety rights , trade dress , geographical indications , and in some jurisdictions trade secrets . There are also more specialized or derived varieties of sui generis exclusive rights, such as circuit design rights (called mask work rights in
3476-444: The data. The WIPO treaty and several related international agreements underline that the protection of intellectual property rights is essential to maintaining economic growth. The WIPO Intellectual Property Handbook gives two reasons for intellectual property laws: One is to give statutory expression to the moral and economic rights of creators in their creations and the rights of the public in access to those creations. The second
3555-491: The design of a building) that signify the source of the product to consumers. A trade secret is a formula , practice, process, design , instrument, pattern , or compilation of information which is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors and customers. There is no formal government protection granted; each business must take measures to guard its own trade secrets (e.g., Formula of its soft drinks
3634-520: The end of Elizabeth's reign, however, a patent represents a legal right obtained by an inventor providing for exclusive control over the production and sale of his mechanical or scientific invention. demonstrating the evolution of patents from royal prerogative to common-law doctrine. The term can be found used in an October 1845 Massachusetts Circuit Court ruling in the patent case Davoll et al. v. Brown , in which Justice Charles L. Woodbury wrote that "only in this way can we protect intellectual property,
3713-414: The evaluation of propagating material of the variety is considered. A trademark is a recognizable sign , design or expression that distinguishes a particular trader's products or services from similar products or services of other traders. Trade dress is a legal term of art that generally refers to characteristics of the visual and aesthetic appearance of a product or its packaging (or even
3792-501: The exclusive right to their respective writings and discoveries. ' " "Some commentators, such as David Levine and Michele Boldrin , dispute this justification. In 2013, the United States Patent and Trademark Office approximated that the worth of intellectual property to the U.S. economy is more than US$ 5 trillion and creates employment for an estimated 18 million American people. The value of intellectual property
3871-468: The extent of protection is defined in the claims of the granted patent. There is safe harbor in many jurisdictions to use a patented invention for research. This safe harbor does not exist in the US unless the research is done for purely philosophical purposes, or to gather data to prepare an application for regulatory approval of a drug. In general, patent infringement cases are handled under civil law (e.g., in
3950-689: The finest hotels in the East since the time of the British Raj . The hotel was one of the main targets in the 2008 Mumbai attacks . Part of the Taj Hotels Resorts and Palaces , the hotel has 560 or 600 rooms and 44 suites and is considered the flagship property of the group; it employs 1,600 staff. The hotel is made up of two different structures: the Taj Mahal Palace and the Tower, which are historically and architecturally distinct from each other (the Taj Mahal Palace
4029-422: The first building in the country to secure intellectual-property-right protection for its architectural design . Colaba Colaba ( [koˈlaːbaː] ; or ISO : Kolābā) is a part of the city of Mumbai , India. It is one of the four peninsulas of Mumbai while the other three are Worli , Bandra and Malabar Hill . During Portuguese rule in the 16th century, the island was known as Kolbhat. After
SECTION 50
#17328514512074108-429: The form or manner in which they are expressed. An industrial design right (sometimes called "design right" or design patent ) protects the visual design of objects that are not purely utilitarian. An industrial design consists of the creation of a shape, configuration or composition of pattern or color, or combination of pattern and color in three-dimensional form containing aesthetic value. An industrial design can be
4187-742: The full social value of their inventions". This absolute protection or full value view treats intellectual property as another type of "real" property, typically adopting its law and rhetoric. Other recent developments in intellectual property law, such as the America Invents Act , stress international harmonization. Recently there has also been much debate over the desirability of using intellectual property rights to protect cultural heritage, including intangible ones, as well as over risks of commodification derived from this possibility. The issue still remains open in legal scholarship. These exclusive rights allow intellectual property owners to benefit from
4266-680: The global IP regime advocates for greater policy flexibility and greater access to knowledge, especially for developing countries." Indeed, with the Development Agenda adopted by WIPO in 2007, a set of 45 recommendations to adjust WIPO's activities to the specific needs of developing countries and aim to reduce distortions especially on issues such as patients' access to medicines, Internet users' access to information, farmers' access to seeds, programmers' access to source codes or students' access to scientific articles. However, this paradigm shift has not yet manifested itself in concrete legal reforms at
4345-523: The international level. Similarly, it is based on these background that the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement requires members of the WTO to set minimum standards of legal protection, but its objective to have a "one-fits-all" protection law on Intellectual Property has been viewed with controversies regarding differences in the development level of countries. Despite
4424-456: The labors of the mind, productions and interests are as much a man's own ... as the wheat he cultivates, or the flocks he rears." The statement that "discoveries are ... property" goes back earlier. Section 1 of the French law of 1791 stated, "All new discoveries are the property of the author; to assure the inventor the property and temporary enjoyment of his discovery, there shall be delivered to him
4503-643: The major galleries and museums located in and around this area. Even today, in 2020, the government has managed to preserve most of its colonial-era architectures. Colaba is home to the Cooperage Football Ground . Nearest railway stations: On 26 November 2008, terrorist strikes occurred at various places in and near Colaba, notably the Taj Mahal Palace & Tower , Leopold Café , Marine Drive and Mumbai Chabad House . The attacks resulted in over 100 deaths and significant damages. Intellectual property rights Intellectual property ( IP )
4582-422: The native kolis to the edges of the island. The Mumbai City Improvement Trust reclaimed around 90,000 square yards (75,000 m ) on the western shore of Colaba. Eminent citizens of Mumbai, such as Sir Pherozeshah Mehta , opposed the work, fearing that the reclamation would depress prices of land. However, the reclamation work continued and was completed in 1905. There was no fall in the land prices. In 1906,
4661-449: The principle of Hasagat Ge'vul (unfair encroachment) was used to justify limited-term publisher (but not author) copyright in the 16th century. In 500 BCE, the government of the Greek state of Sybaris offered one year's patent "to all who should discover any new refinement in luxury". According to Jean-Frédéric Morin, "the global intellectual property regime is currently in the midst of
4740-510: The property of the Government of Portugal and evicted the Propaganda Fide party. In 1743, British Colaba was leased to Richard Broughton at Rs. 200 yearly, and the lease was renewed in 1764. By 1796, Colaba had become a cantonment. Colaba was known for the variety of fishes – the bombil ( Bombay duck ), rawas , halwa , turtles, crabs, prawns and lobsters. A Colaba Observatory ,
4819-652: The property they have created, providing a financial incentive for the creation of an investment in intellectual property, and, in case of patents, pay associated research and development costs. In the United States Article ;I Section 8 Clause 8 of the Constitution, commonly called the Patent and Copyright Clause, reads; "The Congress shall have power 'To promote the progress of science and useful arts, by securing for limited times to authors and inventors
SECTION 60
#17328514512074898-583: The protection of intellectual property is essentially a moral issue. The belief is that the human mind itself is the source of wealth and survival and that all property at its base is intellectual property. To violate intellectual property is therefore no different morally than violating other property rights which compromises the very processes of survival and therefore constitutes an immoral act. Violation of intellectual property rights, called "infringement" with respect to patents, copyright, and trademarks, and "misappropriation" with respect to trade secrets, may be
4977-656: The requirements of the TRIPS Agreement. Criticism of the term intellectual property ranges from discussing its vagueness and abstract overreach to direct contention to the semantic validity of using words like property and rights in fashions that contradict practice and law. Many detractors think this term specially serves the doctrinal agenda of parties opposing reform in the public interest or otherwise abusing related legislations, and that it disallows intelligent discussion about specific and often unrelated aspects of copyright, patents, trademarks, etc. Free Software Foundation founder Richard Stallman argues that, although
5056-703: The strengthening of the IP system and subsequent economic growth." According to Article 27 of the Universal Declaration of Human Rights , "everyone has the right to the protection of the moral and material interests resulting from any scientific, literary or artistic production of which he is the author". Although the relationship between intellectual property and human rights is complex, there are moral arguments for intellectual property. The arguments that justify intellectual property fall into three major categories. Personality theorists believe intellectual property
5135-462: The term intellectual property is in wide use, it should be rejected altogether, because it "systematically distorts and confuses these issues, and its use was and is promoted by those who gain from this confusion". He claims that the term "operates as a catch-all to lump together disparate laws [which] originated separately, evolved differently, cover different activities, have different rules, and raise different public policy issues" and that it creates
5214-661: The term intellectual property in their new combined title, the United International Bureaux for the Protection of Intellectual Property . The organization subsequently relocated to Geneva in 1960 and was succeeded in 1967 with the establishment of the World Intellectual Property Organization (WIPO) by treaty as an agency of the United Nations . According to legal scholar Mark Lemley , it
5293-548: The terrorists barricaded in the hotel, to end the three-day battle on 29 November. At least 31 died at the Taj . Approximately 450 people were staying in the Taj Mahal Palace and Hotel at the time of the siege. The attack was planned using information compiled by David Headley , a Pakistani-American, who had stayed at the hotel multiple times. Soon after this on 30 November, Tata chairman Ratan Tata said in an interview with CNN 's Fareed Zakaria that they had received advance warning of
5372-403: The theft or misappropriation of a trade secret a federal crime. This law contains two provisions criminalizing two sorts of activity. The first, 18 U.S.C. § 1831(a) , criminalizes the theft of trade secrets to benefit foreign powers. The second, 18 U.S.C. § 1832 , criminalizes their theft for commercial or economic purposes. (The statutory penalties are different for
5451-431: The two offenses.) In Commonwealth common law jurisdictions, confidentiality and trade secrets are regarded as an equitable right rather than a property right but penalties for theft are roughly the same as in the United States. The international governance of IP involves multiple overlapping institutions and forums. There is no overall rule-making body. One of the most important aspects of global IP governance
5530-527: The value of large businesses in the United States can be traced to intangible assets. "IP-intensive industries" are estimated to generate 72% more value added (price minus material cost) per employee than "non-IP-intensive industries". A joint research project of the WIPO and the United Nations University measuring the impact of IP systems on six Asian countries found "a positive correlation between
5609-593: The west side of the Causeway, where the Electric House now stands. The Prong's lighthouse was constructed at the southern tip of the island in 1875. The eponymous Sassoon Docks were built by David Solomon Sassoon on reclaimed land in the same year. The BB&CI Railways established the Colaba railway station or terminus , the site of which is now occupied by the Badhwar Park layout. The development of Colaba pushed
5688-446: The work's creator. It is often called "piracy". In the United States, while copyright is created the instant a work is fixed, generally the copyright holder can only get money damages if the owner registers the copyright. Enforcement of copyright is generally the responsibility of the copyright holder. The ACTA trade agreement , signed in May 2011 by the United States, Japan, Switzerland, and
5767-423: Was built in 1903; the Tower was opened in 1972). The Taj Mahal Hotel was commissioned by Jamsetji Tata and opened its doors to guests on 16 December 1903. An oft-repeated story concerning the reasoning behind the construction of the hotel was Tata being refused admission into Watson's Hotel , as it was reserved for Europeans. The validity of this has been challenged by writer Charles Allen, who wrote that Tata
5846-453: Was designed jointly by Daraius Batliwala and Rustom Patell, with the latter having a greater focus later on. The Tower was built on the site of the historic Green's Hotel, constructed as flats in 1890, and operated by Tata as a hotel from 1904 until its demolition to build the Tower. Taj Mahal Palace Hotel was specifically chosen by Lashkar-e-Taiba , a terror group who attacked multiple targets, for an attack intended to strike "a blow against
5925-448: Was limited in time and scope. This is mainly as a result of knowledge being traditionally viewed as a public good, in order to allow its extensive dissemination and improvement. The concept's origin can potentially be traced back further. Jewish law includes several considerations whose effects are similar to those of modern intellectual property laws, though the notion of intellectual creations as property does not seem to exist—notably
6004-514: Was only at this point that the term really began to be used in the United States (which had not been a party to the Berne Convention), and it did not enter popular usage there until passage of the Bayh–Dole Act in 1980. The history of patents does not begin with inventions, but rather with royal grants by Queen Elizabeth I (1558–1603) for monopoly privileges. Approximately 200 years after
6083-438: Was unlikely to care about such a slight to the extent that he would construct a new hotel. Instead, Allen writes, the Taj was built at the urging of editor of The Times of India who felt a hotel "worthy of Bombay" was needed and as a "gift to the city he loved" by Tata. Originally, the main entrance was on the land-facing side, where the pool now sits. By 1966, the Taj Mahal Hotel had become neglected and run-down, perhaps as
6162-696: Was used as a heading title in a collection of essays. The German equivalent was used with the founding of the North German Confederation whose constitution granted legislative power over the protection of intellectual property ( Schutz des geistigen Eigentums ) to the confederation. When the administrative secretariats established by the Paris Convention (1883) and the Berne Convention (1886) merged in 1893, they located in Berne, and also adopted
6241-461: Was useful. By and large, these principles still remain the basic principles of current patent laws. The Statute of Monopolies (1624) and the British Statute of Anne (1710) are seen as the origins of the current patent law and copyright respectively, firmly establishing the concept of intellectual property. "Literary property" was the term predominantly used in the British legal debates of
#206793