2007-05-31 14:31:22 · 5 answers · asked by pgh32 1 in Politics & Government ➔ Law & Ethics
Innovation and rewards
If there are no I.P. rights, there will be no innovation, little R&D, because companies will know that their hard work and dedication will be copied soon, and their investments will have been wasted. Engineers and inventors work diligently knowing that they will gain significant rewards if they come up with innovative products that are protected by I.P laws.
That's why you don't see too much innovation coming out of China and other places with poor I.P. protection and I.P. law enforcement. Advanced Western countries have protected I.P. rights for hundreds of years. That's why they are technologically advanced.
2007-05-31 19:42:20 · answer #1 · answered by Spee 5 · 0⤊ 1⤋
Don't you want the rights to things you invent? I'm sure Bill Gates is enjoying his intellectual property rights....
2007-05-31 14:34:28 · answer #2 · answered by cyanne2ak 7 · 0⤊ 1⤋
The objective is to guard a source of repayment for the creators of innovations, writings, paintings and different imaginitive works. working example, in case you could not hide the investment expenses of R&D for an invention (alongside with a pharmaceutical) that gets patent secure practices from opposition, why do it in any respect?
2016-12-18 10:21:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Because we live in a free trade society so it's pretty important because it helps keep things regulated.
2007-05-31 14:35:26 · answer #4 · answered by Eisbär 7 · 0⤊ 0⤋
because all america produces is movies and music. The Unions have seen to the destruction of all other manufacturing.
2007-05-31 14:36:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋