Intellectual Property Right (IPR)

An Intellectual Property Right (IPR) is a Property Right to an intellectual property.

• Context:
  • It is a legal protection that secures creators' and inventors' exclusive rights to their original works and inventions.
  • It can (typically) be described in an Intellectual Property (IP) Agreement.
  • ...
• Example(s):
  • Patent,
  • Trademark,
  • Copyright,
  • ...
• Counter-Example(s):
  • Public Domain,
  • Trade Secret,
  • Fair Use.
• See: Patent Right, Patented Invention, Intellectual Property Law, Industrial Property, Copyright Law, Creative Commons (CC) License.

---

---

References

2023a

• (Wikipedia, 2023) ⇒ https://en.wikipedia.org/wiki/Intellectual_property Retrieved:2023-12-31.
  • Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, copyrights, trademarks, and trade secrets. The modern concept of intellectual property developed in England in the 17th and 18th centuries. The term "intellectual property" began to be used in the 19th century, though it was not until the late 20th century that intellectual property became commonplace in most of the world's legal systems. Supporters of intellectual property laws often describe their main purpose as encouraging the creation of a wide variety of intellectual goods.To achieve this, the law gives people and businesses property rights to certain information and intellectual goods they create, usually for a limited period of time. Supporters argue that because IP laws allow people to protect their original ideas and prevent unauthorized copying, creators derive greater individual economic benefit from the information and intellectual goods they create, and thus have more economic incentives to create them in the first place. Advocates of IP believe that these economic incentives and legal protections stimulate innovation and contribute to technological progress of certain kinds. The intangible nature of intellectual property presents difficulties when compared with traditional property like land or goods. Unlike traditional property, intellectual property is "indivisible", since an unlimited number of people can in theory "consume" an intellectual good without its being depleted. Additionally, investments in intellectual goods suffer from appropriation problems: Landowners can surround their land with a robust fence and hire armed guards to protect it, but producers of information or literature can usually do little to stop their first buyer from replicating it and selling it at a lower price. Balancing rights so that they are strong enough to encourage the creation of intellectual goods but not so strong that they prevent the goods' wide use is the primary focus of modern intellectual property law.

2023b

• (GM-RKB ChatGPT, 2023) ⇒ Summarize the concept Intellectual Property Right in 1- 2 paragraphs, promt.GM-RKB ChatGPT (model: gpt-4-1106-preview) Retrieved: 2023-12-31.
  • QUOTE: Intellectual Property Rights (IPR) refer to the legal protections granted to creators and owners of works that are the products of human intellect. These rights are designed to safeguard the interests of creators by giving them exclusive rights to use, produce, and distribute their creations, as well as to benefit financially from them. Intellectual property can include inventions, literary and artistic works, designs, symbols, names, and images used in commerce. The main types of intellectual property are copyrights, patents, trademarks, and trade secrets.

     Copyrights protect original works of authorship such as books, music, and art; patents confer exclusive rights to inventors on their new and useful inventions; trademarks protect symbols, names, and slogans used to identify goods and services; and trade secrets involve confidential information that provides a business with a competitive edge. IPR is crucial for promoting innovation and creativity, ensuring that inventors and artists can reap the rewards of their work, and stimulates economic growth by encouraging the development of new products and services. However, IPR is subject to various national and international laws, and the balance between protecting IPR and the public's interest in accessing intellectual works is an ongoing debate in policy and legal circles.

---