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Intellectual Property is creation of minds. It is a set of Intangibles owned and legally protected by the creator of the innovative Ideas. To promote the Innovations, creativity and its protection, numerous laws are enacted by Government to let the creators secure exclusivity and ownership rights by registering their innovations and unique ideas. Upon obtaining registration, the creator or owner enjoy exclusive right to use, sell, assign their rights, and avail monetary benefit through it, and also to protect the same.
The most used IPR are:
-Geographical Indication
-Industrial Designs namely
All these above mentioned benefits motivates the creation of new ideas and innovations for the betterment of the society as the new ideas leads to competition in market which helps to improve the quality of goods and services. It also allows the owner of IP to quantify their creation in monetary terms and convert their ideas into business, which also leads to employment generation in the society.
Source: Quora
If you are looking for an experienced IP attorneys in Vietnam to help you with your IP application, you should visit ANT Lawyers.vn. Our attorneys have experience with the IP process and will work closely with you as you apply for your IP. Contact ANT Lawyers experts at ant@antlawyers.vn or call our office at +84 28 730 86 529. Hope this helps!
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