Statement I: Patents serve as a crucial component of IPR, providing inventors with exclusive rights to their inventions for a specific period.
Statement II: Copyrights play a vital role in protecting literary, artistic, and creative works, ensuring that authors, musicians, artists, and other creators have control over the reproduction and distribution of their work.
Which of the following is correct regarding the statements?
1
Statement I is true, and Statement II is false.
2
Statement I is false, and Statement II is true.
3
Both Statement I and Statement II are true.
4
Both Statement I and Statement II are false.