Topic > Importance of Intellectual Property - 2020

It allows individuals and businesses to gain a competitive advantage, which will help them succeed. Intellectual property law rewards innovative and creative individuals and companies by protecting their ideas and creations so that only they can use them for a period of time. As the world increasingly moves towards a knowledge economy, people have different opinions on the role that intellectual property should play in today's economy, from a key role to the need to eliminate it altogether [4-6]. As will be shown, intellectual property law has forced the market to adapt, but intellectual property law has also had to adapt to market forces. Although the arguments vary depending on the discipline, it is obvious that the problems facing intellectual property law today are becoming increasingly complex