Trends and Technology challenges in current patent laws : Introduction to IPR

We are now living in a world in which the ability to develop commercialize and most importantly appropriate the economic benefits from scientific and technological innovations is a major factor in determining the economic health of nations and the competitiveness of firms. This is the case because we now live in a global economy. When it comes to safeguarding their innovative investments businesses rely heavily on intellectual property rights (IPRs) like patents and copyrights. Governments across the world have used these legal mechanisms for centuries to foster economic and industrial growth.