Forums Assignment Help What are the advantages of getting a patent?

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    Aakanksha
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    What are the advantages of getting a patent?

    #9044
    nammy
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    The advantages of patents and other forms of IPR are:

    (h) These practices help in encouraging and safeguarding intellectual and artistic creations.

    (i) They help to disseminate new ideas and technologies quickly and widely.

    (j) They promote investment.

    (k) They help the inventor to provide the fruits and benefits of his creation and invention to the public.

    (l) They provide increased opportunities for the distribution of the above effects across countries in a manner proportionate to national levels of economic and industrial development (OECD, Paris, 1989)

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