Intellectual Property Law is a system designed to manage and protect our ideas, creations, inventions and innovations. It regulates ownership of intangible works; works like art, music, technology, designs, and company brands and labels. IP Law resolves disputes about ownership – is it my property, the publisher’s, or the company’s?
IP law is designed to protect authors, designers and creators of work by ensuring the financial rewards and deserved accolades are recognised and received. The law thereby encourages innovation and invention. It also must strike a balance between protecting the rights of individuals and providing for the collective good of society.
Intellectual Property is “Intangible property that includes patents, trade marks, copyright, and registered and unregistered design rights” (Law, 2018).
Intellectual property. (2018). In J. Law (Ed.), A dictionary of law (9th ed.). Oxford University Press. https://dx.doi.org/10.1093/acref/9780198802525.001.0001
Australian intellectual property : commentary, law and practice
