Trade-Related Intellectual Property

Intellectual property rights are those which accrue to writers or the creators of inventions, trademarks, designs, and so on who have applied for these rights. The rights are given in order to ensure that inventors and authors can benefit from the fruits of their research, invention or brand name, and that it will not be used or copied by people who have put no effort and spent no money developing the products or brands. These rights are intended to encourage creativity, investment in research and marketing, and risk taking.