Intellectual Property Market - Competitive Landscape and Regional Analysis by 2016-2024

Intellectual property refers to the creation by an individual, which can be in the form of literary work, symbols, artistic, images, designs, concepts, and inventions that are majorly used in commerce. Intellectual property has been described as an intangible right, which protects the creator, such as copyrightable works and patented inventions. The intellectual property rights law has been formed in order to foster a productive environment, which will help in fostering creativity and innovations. Some of the intellectual property rights include patents, trademarks, and copyrights, which will help the people in earning financial rewards and also promote and recognize their work and efforts.
Some of the key factors that are encouraging the business organization to spend significantly in intellectual property market across the globe:
In the last few years, protection and registration of intellectual property have been a critical concern among several leading business organizations across the globe, as it may lead to disputes, which may arise during the signing of collaborations, contracts, and mergers and acquisitions. In such cases, intellectual property is expected to prove as an important asset for business organizations.
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The intellectual property right can be used as a tool for forging an important and distinctive image in the minds of the potential consumers across the globe. This may happen because intellectual property rights allows the consumers to distinguish a firm by attributing several qualities to its services and products.
Furthermore, in the last few years, renting of intellectual property has emerged as a new and leading trend in the intellectual property market across the globe. Intellectual property rights also helps a company in the marketing activities of their product across the globe and further in building a clientele, thus gaining enormous profits.

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