Intellectual Property Rights Case Study

2). How do IPRs work?

Intellectual Property Rights are often seen as “privileges” that one owns for recognition in the case where an owner needs to control and count the costs during a some sort of process, such as research and innovation, which will help him maintain and hold the incentives for more innovation, as its positive to know how the studies are following. These rights allow the owner an exclusive for a limited period of time, and during this period the owner can increase the cost of the product even above the marginal cost of production [5]. We can say that Intellectual Property Rights’ standards assure the fast dispersal of operational systems and technologies amidst various products, as the patents are used to provide stimulus
These outcomes have led to the World Trade Organization (WTO) having their trade liberalization policy being influenced for the developing countries and it requests competent intellectual property rights protection, which helps us to see how these rights together with trade liberalization have an important and assertive role in the expanding of a country’s economic growth [4]. In already developed countries, there seem to be three issues regarding the interrelationship between intellectual property rights and competition policies. The first one is the burden on the monopoly pricing issue, but usually in these countries competition law is more about the price setting for principles about nutrition and health maintenance, and brands or firms are the ones setting the prices in awareness of market surrogates which are often present, which leaves us the proposition that the law concern over monopolies and their pricing methods is mislaid. The second issue is that most of the intellectual property right misconduct are related to business plans, such as practice selling and the
Competition law in developing countries should be advocating free, fair competition, with an emphasis on international cooperation, where there is a competition implementation to avoid market disputes. Probably the most effective competition policy would have to deal with continuous liberalization of these countries’ stricture. Therefore, it is necessary, especially for developing countries, to have right and equal intellectual property regulations, with the correct flexibilities, in which the own can create products but with the presence of policies and legal provisions which assure there is no abuse of the privileges the own of this intellectual property has, so that there will be a fair competition and no