Before embarking upon the topic under study, it would be advisable to precisely define intellectual property.
The term intellectual property simply refers to the assets that are the outcome of the intellect or ideas of an individual or a group of individuals, which solely belongs to the author or the individual on the one hand, and the organisation to whom its rights have been sold or delegated by the individual creating the intellectual property, and these types of intellectual property can either be tangible or intangible.
The term Intellectual Property (IP) reflects the idea that its subject matter is the product of the mind or the intellect.'These could be in the form of Patents; Trademarks; Geographical Indications; Industrial Designs; Layout-Designs (Topographies) of Integrated Circuits; Plant Variety Protection and Copyright.'1
Intellectual property act 1994 has determined two major types of intellectual property, which include i) Copyright and ii) Industrial property. Copyright consists of sections of art and literature including prose work, poems, lyrics, drama, novel, narrative, thesis, presentation, articles, essays, broachers, film, paintings, sculptures, drawings, photographs, musical tones and songs, printing material, publications, architectural and audio-visual works. Rafique defines copyright in these words:
"Copyright is given to the first producer of a book irrespective of the fact whether that book is wise or foolish, accurate or inaccurate, or of literary merits or no merit whatever". 2
Modern technology has given a go to the introduction and implementation of new laws in order to settle the problems and issues appeared on the basis of information technology. The use or misuse of such property without the prior permission of the creator of the intellectual property is strictly prohibited under the intellectual property act. Intellectual Property Act aims to protect the rights of the owners and creators of the property and assets. The World intellectual Property Organization defines intellectual property in these words:
"Intellectual property refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce." 3
Almost all the organisations whether large of small, national or multinational, and industrial or artistic develop logos, draw designs and introduce some specific names that serve as the identity mark of the company. Intellectual property is the identity mark of an individual, a company, an organisation or an industry, over which the creator contains complete and unconditional rights. The same is applied in respect of domain names and other rights created in the aftermath of technological advancements and hi-tech revolution. The statute of law provides protection to such property in favour of the originator, and claim over this type of property without referencing to the devisor is against the statute of law and liable to be punishment. Copyright Act, Trademark Ordinance and Patents Ordinance provide protection to