INTELLECTUAL PROPERTY RIGHTS
,INTELLECTUAL PROPERTY RIGHTS
Knowledge & innovation play a critical role in the growth of businesses and econo
This is possible when owned, have value, are exploited & can be transferred for us
This can be facilitated through legal protection.
Intellectual Property Rights is a means through which knowledge and innovations
legal protection to facilitate use, commercialization and transfer.
,Intellectual Property Rights
• Intellectual Property (IP) is intangible property arising from hu
intellect that can only be protected upon expression.
• Like tangible property, it can be owned, administered, sold (assig
leased (licensed), developed (exploited) and is enforceable by the la
• IP pertains to any original creation of the human intellect suc
artistic, literary, technical, or scientific creation.
• Intellectual Property Rights ( IPR) refers to the legal rights given t
inventor or creator to protect his invention for a certain period of ti
• These legal rights confer an exclusive right to the inventor/creator o
assignee to fully utilize the invention while excluding all others
commercial exploitation for a given period of time.
, Importance of IPR
• It is important that intellectual investment associated with innovatio
given due importance so that public good emanates from it.
• The stakes of innovators are very high hence the need to protec
Innovations from unlawful use at least for a period, to ensure recove
the R&D and other associated costs and adequate profits for contin
investments in R&D.
• IPR is a strong tool, to protect investments, time, money, effort inv
by the inventor/creator of an IP.
• IPR in this way aids the economic development of a country by prom
healthy competition and encouraging industrial development
economic growth.
,INTELLECTUAL PROPERTY RIGHTS
Knowledge & innovation play a critical role in the growth of businesses and econo
This is possible when owned, have value, are exploited & can be transferred for us
This can be facilitated through legal protection.
Intellectual Property Rights is a means through which knowledge and innovations
legal protection to facilitate use, commercialization and transfer.
,Intellectual Property Rights
• Intellectual Property (IP) is intangible property arising from hu
intellect that can only be protected upon expression.
• Like tangible property, it can be owned, administered, sold (assig
leased (licensed), developed (exploited) and is enforceable by the la
• IP pertains to any original creation of the human intellect suc
artistic, literary, technical, or scientific creation.
• Intellectual Property Rights ( IPR) refers to the legal rights given t
inventor or creator to protect his invention for a certain period of ti
• These legal rights confer an exclusive right to the inventor/creator o
assignee to fully utilize the invention while excluding all others
commercial exploitation for a given period of time.
, Importance of IPR
• It is important that intellectual investment associated with innovatio
given due importance so that public good emanates from it.
• The stakes of innovators are very high hence the need to protec
Innovations from unlawful use at least for a period, to ensure recove
the R&D and other associated costs and adequate profits for contin
investments in R&D.
• IPR is a strong tool, to protect investments, time, money, effort inv
by the inventor/creator of an IP.
• IPR in this way aids the economic development of a country by prom
healthy competition and encouraging industrial development
economic growth.
