PROBLEMS FACED BY SMALL AND MEDIUM-SCALE ENTERPRISES IN TERMS OF INTELLECTUAL PROPERTY RIGHTS
In today’s time, Intellectual Property Rights is a fast-growing legal field all over the world.The scope of intellectual property rights has become extremely wide with time. More and more industries, whether small or a multinational company have opted for protecting their innovations and ideas through IPR. Simply because, IPR not only, protects these ideas, but also ensures security in terms of customer loyalty and commercialization of products/ services. However, obtaining IPR for any innovation, idea or brand for that matter has become a huge hassle for small and medium industries, which suffer from a tight budget and human resource. This paper, therefore, aims to identify these problems, faced by the Micro, Small and Medium Enterprises in India which stand in the way of obtaining IPR. It also contributes in finding a way out to make things comparatively easier for these MSMEs to opt for IPR and avoid unnecessary future problems in relation to their own creation.