ACCTG 1 Lecture Notes - Lecture 8: Intellectual Property, Industrial Design Right, Future Orientation
Document Summary
There are number of ways you can safeguard your intellectual property: patents, trademarks, copyrights, industrial design rights, and in some countries, trade secrets. The justification of these right is that they encourage the creation of ip and pay for associated research and development. It is claimed that there are substantial benefits in terms of economic growth for countries that encourage ip protection. Critics characterize these rights as intellectual protectionism or monopoly and argue that public interest is harmed by protectionist legislation. Intellectual property rights (ipr) can inhibit collaborative working on innovation because collaborators want to safeguard their own ipr, despite the possibility that collaboration might generate far greater value. Four fundamental methods of protection are offered in most countries: patents, trademarks, industrial design rights and copyright. It covers how new inventions work, what they do, how they do it, what they are made of and how they are made.
