IP Preeminence

In general intellectual property confers benefit in 3 aspects:

  1. Personal aspects: Protection of IP can provide incentives towards various creative endeavours of the mind
  2. Governmental aspects: It can facilitate the growth of both domestic and industry or culture and international trade
  3. Business aspect: 
  • It can be a source of income for the business through licensing 
  • It can prevent competitors from using IP legally 
  • It can increase the value of a company