Intellectual Property (IP)

Governments all over the world are looking for ways to improve their economies, help their citizens and build national capabilities in many areas of technology, information and culture. Private-sector companies and industries likewise are looking for ever-more competitive ways to succeed, by developing and incorporating creative and useful innovations into products and services that we all benefit from and enjoy in virtually every area of life. This paper explores and explains the benefits of intellectual property (IP) protection in helping to achieve these important goals.

Intellectual property rights (IPR)—the copyrights, patents, trademarks and similar rights upon which the lion’s share of creative and innovative products and services rely—have a vital role in growing the economies of developed and developing countries all over the world, in spurring innovation, in giving large and small firms a range of tools to help drive their success, and in benefitting consumers and society through a continuous stream of innovative, competitive products and services and an expansion of society’s overall state of knowledge. 

Source: ICC

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