What Is Intellectual Property Rights?

What is intellectual property rights (IPR)? For example, ideas, processes, designs, artistic creations, innovation of all kinds, is intellectual property. Have a value that can be set by the market and can be bought, sold, transferred or pledged. The owners of ideas should benefit and be rewarded for their discoveries and prevent others from copying. Through licensing, the rest of the market can benefit.

What is the social role of intellectual property? "Contributions to society are rewarded by the inventors, and protection acts as an incentive to support invention and innovation. It is a tool to facilitate the exchange of technology or the credibility and funding and promotes technology transfer. Because that their rights are protected, the information technology can be shared and act as a vital source of encouragement for future research.

DPI as investment assets and financial security means that these property rights allow the exercise of ownership of the intellectual output of R & D and other development initiatives, as well as science and pure art. Shape, use and exploitation of intellectual property rights allow the owner to negotiate with others to make a new product in the market through various types of partnerships, many of which are based on contractual agreements, called special license others use intellectual property rights. Secure access to intellectual property rights, property or license may be required to obtain funding from financial institutions and investors.