10 Interesting Fact About Intellectual Property Law
10 Interesting Fact About Intellectual Property Law
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Intellectual Property Law (IPR) includes copyright, patents, trademarks, industrial design, and trade secrets.
IPR gives exclusive rights to their owners to use, produce, and sell their products or works.
Patents provide exclusive rights to new and useful discoveries for 20 years.
Trademarks protect names, logos, and other trademarks used to distinguish products from similar products in the market.
Copyright provides protection for the work of art, music, film, and writing during the life of its creator plus 50 years after death.
Industrial design protects product design, such as display and shape, for 10 years.
Trade Secrets Protect secret business information, such as formulas, recipes, and production methods.
IPR violations can result in lawsuits, fines, or financial losses.
IPR can be a very valuable asset for the company, and can be sold or rented out to increase income.
IPR continues to develop along with the development of technology and human creativity, and play an important role in encouraging innovation and economic growth.
