Question

. Discuss the various approaches around the world to dealing with intellectual property rights. e thorough

Picture cut off. It says be thorough, roughly 2 paragraphs. It's urgent please help :).

subject is International management/buisness, was not a menu option.

Answer 1

There are mainly 4 types of methods that are used to protect the intellectual property all over the world. These are copyright, trademark, trade secrets and patents. When we talk about the copyright , these are the methods which are used to protect the work of authorship such as poem, music, literature and so on. With these protection, the owner can prevent the unauthorized use, reproduction or performance of the work.

In case of trademark, these are the different types of symbols or taglines that are used by the businesses to represent their organization. These are commonly considered as the assets of the company. Trade secrets are used for the safety of proprietary procedures , formula, strategies, processes and so on that facilitates the competitive advantage to the company.

Patents are mainly the exclusive right given to the owner of the new innovative product or idea which are non-obvious and can be produced at the industrial level.

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