MAJOR INTERNATIONAL CONVENTIONS PROTECTING INTELLECTUAL PROPERTY
WHY IS PROTECTING INTELLECTUAL PROPERTY INTERNATIONALLY IMPORTANT? A. FINANCIAL BENEFIT – A LEGAL MONOPOLY. A person who has invented something unique from his own conscious effort and diligence is entitled to claim benefit for the same. The protection which the law gives allows a person to fully maximise gain financially through advertising and marketing of this product. B. REPUTATION – A WORLD OF GOODWILL. The personhood theory opines that our creations become an added advantage to how we are seen and addressed. When someone creates something new, it belongs to him and should be given that honour. The absence of this protection can lead to the loss of this recognition. C. ENCOURAGE NEW CREATIONS FOR HUMAN BENEFIT. This is one of the most essential reasons why Intellectual Property requires protection. Inventors became scared of exhibiting their creations; this led to their absence from the international convention which was held up. If the rights of invento...