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4 Cards in this Set
- Front
- Back
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Intellectual property |
Refers to the creation of the minds/intellect which could be in form of ideas/concepts/products of intellectuals works that has commercial value. |
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Types |
-Industrial (Invention, trademark, industrial design, trade secret, info. With commercial value) -Copyright (Literary works, films, music, artistic works, architectural design) |
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Intellectual Property Rights (IPRs) |
Are the rights given to creators or owners of intellectual properties (patents, trademark or copyrighted work) to benefit from their own work or investment in creation. |
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Benefits of protecting IP |
-Encourage and reward creative work -Fair competition (among producers) -Consumer protection (Distinctive signs protects Consumers by enabling them to make choices btn goods) -Transfer of technology ( foreign direct investment, joint ventures) -Technological innovations (Means to finance researches) -Balance of rights and obligations (rights given to owners balance interest of right holders and users) |
