Intellectual Property Protection in a Digital and Global Economy

In the business and cultural world, individuals and organizations create, innovate, come up with new ideas and create new experiences for us every day but this Innovation and creativity would not happen if we did not have intellectual property laws. Intellectual property protection (IP) is important to fostering innovation and encouraging creativity. Without the protection of ideas, businesses and individuals would not get the full benefit of their inventions and creations and this could stifle innovation. The global economy has made IP protection necessary, not just in your home country but in foreign countries. Digitalization has made drawing the line between what is IP and what is not a little more complicated, even when the basic concepts behind IP remain the same. In this episode, we take a look at what IP laws are and what you need to be aware of. We are going to help make the subject of IP in this digital world a little more transparent.