The Importance of Intellectual Property Law

As the field of intellectual property law has grown, so has it’s importance in the sphere of influence. From the impact of the internet to advance in science and technology, protection of intellectual property is essential to securing created works. AS the internet has made is easier to view and share information, it has also made it easier to do so illegally. Never before has the amount of accessible information changed hands; terabytes of data from textbooks to feature films may be shared in an instant, and all without the proper protection or credit. Buy the book on Amazon if this begins to interest you.

This not only puts the work into hand illegally but places pressure on the industries that relied on IP – forcing now margins as work that was once paid for becomes exploited. There has been increasing attention from economic circles about the trillions of dollars changing hands using electronic commerce transactions – most based in some way upon intellectual property. This is because intellectual property is used in online transactions to store and transfer data. There in power on a local, national, and international level of intellectual property – it is protection of work that is not just automatic but sustained in the modern world. As Nations become more aware of the importance of intellectual property not just as a private good but also as vital to the growth on online enterprise, intellectual property will become better protected. This is notable in the examination of intellectual property in the work of Kamil Idris. Mr Kamil Idris served on World Intellectual Property Organization (15 specialized agencies of the United Nations), and coupled with his book Intellectual Property – A Power Tool For Economic Growth, showcases his strong commitment to intellectual property law on an international scale. Due to this intellectual property is enjoying protections in the 21st century that have been absent in the past. As Nations work harder to protect intellectual property they will improve economic growth, improve policy, and foster platforms of creative development and social media.

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https://ir.lawnet.fordham.edu/ilj/vol26/iss2/1/