Intellectual property for today's businesses is like oxygen in the
air for people. The survival of businesses depends on intellectual property and
as a result, its protection, well-being, and the progress of humanity are
undeniably dependent on intellectual property rights. Experts in the field of
intellectual property mention several key reasons for the importance of
promoting and spreading the subject:
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The
progress of societies and public welfare depends on the ability to create and
develop technological innovations and cultural works that are directly related
to intellectual property.
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Legal
protection and protection of new works and inventions increases investments
with the aim of further innovation.
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The
promotion and protection of intellectual property lead to economic growth, job
creation, the formation of new industries, and an increase in the quality of
life.
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An
efficient and fair intellectual property system helps countries realize the
potential of intellectual property as a catalyst for economic development,
social welfare, and cultural advancement. The intellectual property system
helps to balance the interests of innovators and public interests and provides
an environment where creativity and innovation become a public value in
society.