Multinational Corporations (MNCs): Meaning, Features and Advantages :

Meaning of Multinational Companies (MNCs):

A multinational company is one which is incorporated in one country (called

the home country); but whose operations extend beyond the home country
and which carries on business in other countries (called the host countries)
in addition to the home country.

Neil H. Jacoby defines a multinational company as follows:

A multinational corporation owns and manages business in two or more

countries.
Joint venture
An agreement by two companies, typically one foreign and one
domestic to work together for mutual benefit with specific ownership
percentages specified in a long-term contract.

These two companies set up a third company (the Joint Venture). This
new company would usually be located in the same country as one of the two
partner companies, with the purpose of mutually establishing an activity with
its own objectives: marketing and distribution, research, manufacturing, etc.
intellectual Property Right:
Intellectual property (IP) refers to creations of the intellect for which a monopoly is
assigned to designated owners by law.[1] Intellectual property rights (IPRs) are the protections
granted to the creators of IP, and include trademarks, copyright, patents, industrial design
rights, and in some jurisdictions trade secrets.[2]
Artistic works including music and literature, as well as discoveries, inventions, words,
phrases, symbols, and designs can all be protected as intellectual property.
A right that is had by a person or by a company to have exclusive rights to use its
own plans, ideas, or other intangible assets without the worry of competition, at least for a
specific period of time. These rights can include copyrights, patents, trademarks, and trade
secrets
The Statute of Monopolies (1624) and the British Statute of Anne (1710) are seen as the
origins of patent law and copyright respectively,[4] firmly establishing the concept of intellectual
property.

1. Copyrights
Law Copyrights Act 1957, amended in 2012
Ministry Copyright Office, Ministry of Human Recourse
Development
Copyright is a bundle of rights given by the law to the creators of
literary, dramatic, musical and artistic works and the producers of
cinematograph films and sound recordings. The rights provided
under Copyright law include the rights of reproduction of the
work, communication of the work to the public, adaptation of the
work and translation of the work.