Intellectual Property Protection
Importance of Intellectual Property Protection
Intellectual property protection safeguards creations like inventions, literary works, designs, and brand identifiers by giving creators legal rights and control over their use. This protection encourages innovation and investment by assuring creators that their ideas cannot be exploited without permission.
Role of Intellectual Property Laws in Promoting Innovation and Fair Competition
Intellectual property laws promote fair competition by preventing unauthorized copying, helping consumers identify genuine products, and rewarding originality. Overall, they support economic growth and cultural development by balancing creators’ rights with the public interest and encouraging innovation.