Intellectual property very broadly indicates the legal rights which consequence from intellectual activity in the industrial, scientific, literary and artistic fields. Countries have laws to guard intellectual property for two main reasons. One is to provide statutory expression to the moral and economic rights of creators in their creations in addition to the rights of the public in access to those creations. The second is to encourage, as a deliberate act of Government policy, creativity as well as the dissemination and application of its results and to support fair trading which would contribute to economic in addition to social development.
Generally intellectual property law endeavors at safeguarding creators and other producers of intellectual goods and services by granting them assured time-limited rights to control the use made of those productions. Those rights do not affect to the physical object in which the creation may be embodied but instead to the … Read More