Another benefit of the IP protection system is that it encourages innovations and creates favorable conditions for creativity to flourish. This is good for separate organizations, every industry, and the whole country’s economy. Intellectual property rights protection fosters technological development and economic growth, attracting investments and creating new opportunities for citizens. - Another benefit of the IP protection system is that it encourages innovations and creates favorable conditions for creativity to flourish. This is good for separate organizations, every industry, and the whole country’s economy. Intellectual property rights protection fosters technological development and economic growth, attracting investments and creating new opportunities for citizens.
Safes, locks or security services can’t protect IP objects as they are not physical things. In this case, the most efficient way is to turn to IP protection laws. Safes, locks or security services can’t protect IP objects as they are not physical things. In this case, the most efficient way is to turn to IP protection laws. Different categories of immaterial goods fall under different types of intellectual property protection. The most popular are: - Patents
- Trademarks
- Copyrights
- Trade secrets
Let’s take a closer look at them. What can be patented An invention should satisfy three patentability criteria to be granted a patent: - Novelty (it is something completely new, not known from the existing technologies)
- Non-obviousness (it is not a modification of something but a newly invented solution that is not obvious to a specialist)
- Industrially applicability (it can be used in industry, agriculture and other fields)
The compliance of the invention with patentability criteria is determined by state experts.
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