COPYRIGHT PHILOSPHY AND ITS JUSTIFICATIONS UNDER INTELLECTUAL PROPERTY LAW

Abstract [English]

Intellectual property rights have become increasingly diverse in terms of their use cases in modern society and advancements in technology have drastically changed the processes involved in filing and recognizing the protection of IPR. These changes have a positive effects including further technological advancements and explosion of creativity in society. But with the need for dynamic laws and possibility of absolute globalization it is important for IPR to be globally monitored and recognized to increase competition and promote innovation. It is said that copyright law will always be a delicate balance between rights of content owners and rights of users. Historically this balance has been stuck through absolute ownership that was given by various safety measures which take form of exceptions to said ownership or control over a work. But through the last few decades gross expansion of power for copyright owners are coupled with provisions that benefit users. So in order to  update the system for digital era there has to shift in the balance of power between owners and users.