Why should we protect IP?

We should protect IP due to three main reasons

  • To safeguard creators of intellectual goods and services by granting them statutory rights to control making or use of those productions for a specified period of time
  • To foster creativity and innovation, encourage fair trading result in contribution to the socio-economic development.
  • To stimulate innovation and foster technological progress of a nation
  • In addition, IP rights create new markets because IPRs are tradable and transferable