Intellectual property is now a significant global issue in the booming era of science and technology, not just a national one. Intellectual property rights are increasingly at risk of infringement as the number of intellectual goods rises, particularly in the age of technology. For the owner of intellectual property rights, security is therefore crucial. Vietnam Copyright will also discuss the need for intellectual property protection in the company in this article.
1. What is intellectual property?
The inventive works of the human mind are known as intellectual property. It may include literary or musical compositions, computer programs, discoveries, practical solutions, or industrial designs. Vietnamese law has established intellectual property rights as a means of regulating these assets and protecting them. These rights include copyright and rights associated with copyright, industrial property rights, and rights to plant types.
2. Why do businesses have to protect intellectual property?
The advancement of businesses and society depends on the protection of intellectual property rights because:
- Intellectual property protection fosters creativity: For ownership holders, intellectual property protection serves as the impetus to help them create, devote their time and energy to study projects, advance methodologies, and produce high-quality goods.
- Protection of intellectual property rights helps businesses succeed by minimizing losses and preventing financial losses brought on by rivals’ “appropriating” activities.
- A healthy competitive climate produced by intellectual property protection catalyzes economic expansion. Intellectual property legislation prohibits using trademarks that are identical to or confusingly similar to those that are protected, as well as using protected confidential information without authorization.
- Intellectual property protection boosts a company’s reputation: Organizations and individuals must commit years of time and money to research and development (creation, testing, etc.) before introducing a product to the public. In order to demonstrate to customers the brand’s quality and image, intellectual property is protected.
- Intellectual property protection helps the nation: In addition to the above reasons, protecting intellectual property also affects politics. Protecting intellectual property rights is a requirement for nations wishing to join the World Trade Organization. As a result, the preservation of intellectual property rights is crucial to our nation’s economic integration with the rest of the world.
3. Legal services supporting the copyright of VCD
With a team of experienced legal experts, VCD is confident in supporting clients with issues in the field of Copyright. With the motto of always protecting the legitimate rights and interests of customers, VCD tries and ensures to keep customers and implement work in the fastest, most timely, and effective way, regularly report the progress of the case as well as provide further action plan so that customers can easily monitor and evaluate work results. Customers can completely trust and feel secure when using VCD’s services.
Above is the article “What is intellectual property? Why do businesses have to protect intellectual property?”. We hope this article is helpful to you.
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