Theories of Intellectual Property Rights
Theories of Intellectual Property Rights Intellectual property is a broad set of intangible assets and it is entitled to be protected with the view that certain products of human intellect should be provided with the same protective rights that apply to physical property or tangible assets . Intellectual property rights refer to the general term for the assignment of property rights through patents, copyrights and trademarks etc. for a limited period. To understand the value and importance of IPR, we should know the theories behind its origin and the same are discussed below. 1. The Natural Rights Theory The main justification behind this theory is that everyone has a right to consider his/ her ideas as natural property right by the reason that the creation originates from the effort, originality...