Disadvantages Of Intellectual Property

1364 Words6 Pages
What is intellectual property? An intellectual property known as Protected innovation that is a term for any intangible resource that something exclusive that doesn 't exist in a physical question or shapes however has esteem. As for example, Cases of licensed innovation incorporate plans, ideas, programming, creations, exchange privileged insights, recipes and brand names, and gems. all those thing have a Licensed of innovation can be ensured by copyright, trademark, patent or other lawful measure. Based on WIPO websites said “ Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. this intellectual property is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest, the IP system aims to foster an environment in which creativity and innovation can flourish.” (WIPO,2015). Meanwhile, based on Wendy “ Intellectual Property (IP) refers to the creations of the human minds for which exclusive rights are recognised. Innovators, artistes and business owners are granted certain exclusive rights to a variety of intangible assets for a specified duration. and as for example is Business owners are granted exclusive rights on the use of their trade marks and geographical

More about Disadvantages Of Intellectual Property

Open Document