Discuss the advantage of acquiring and maintaining intellectual property rights teqnology enterpreureship.

Solutions

Expert Solution

Answer) Intellectual property rights ( IPR) are used to safeguard the research and innovation made by a company while developing new products. IPR assures that the developing company is using/selling the products exclusively. Of anyone else is found manufacturing the same product, then they are open to fine and punishment under civil offense.

The advantages of acquiring IPR by an technology entrepreneurs are:

Incentives Innovation of new products.
Safeguard the research as it takes many years to develop a product. For instance, it takes about four years to create a vaccine.
IPR provides a short duration window where the firms can charge high price to recover the IPR related cost.
IPR incentives firms to compete in terms of establishing new technology. This ultimately benefits the consumer.
IPR results in the economy of scale. That further helps to reduce the cost over a wide rane of output .

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

What are intellectual property rights? and basicintroduction to the WTO's illtellectual property agreement.explain intellectual...

What are intellectual property rights? and basic introduction to the WTO's illtellectual property agreement.explain intellectual property rights in the context of the chapter's analysis of monopolythe TRIPS agreement has come under criticism particular in the area of pharmaceutical drugs. discuss the tradeoffs in public health involved with granting strong patents for pharmaceuticals or other medical products.

Discuss some of the economic costs associated with the piracy and counterfeiting of intellectual property rights....

Discuss some of the economic costs associated with the piracy and counterfeiting of intellectual property rights. Explore the basic issue in light of the following types of legal systems: common law, civil law, and theocratic law. Is any one system better than the others for effectively dealing with the problem? Why or why not? After reading your essay, the reader should better understand the legal issues facing international companies. Write minimum 350 words for this question.

Discuss some of the economic costs associated with the piracy and counterfeiting of intellectual property rights....

Discuss some of the economic costs associated with the piracy and counterfeiting of intellectual property rights. Explore the basic issue in light of the following types of legal systems:common law,civil law and theocratic law. Is any one system better than the others for effectively dealing with the problem? why or why not? After reading your essay , the reader should better understand the legal issues facing international companies.

Discuss some of the economic costs associated with the piracy and counterfeiting of intellectual property rights....

Discuss some of the economic costs associated with the piracy and counterfeiting of intellectual property rights. Explore the basic issue in light of the following types of legal systems:common law,civil law and theocratic law. Is any one system better than the others for effectively dealing with the problem? why or why not? After reading your essay , the reader should better understand the legal issues facing international companies.

Consider the case of intellectual property rights, such as the ownership of a copyright by an...

Consider the case of intellectual property rights, such as the ownership of a copyright by an author of a book. Would you characterize the copyright as a non-rivalrous good? However, is such a copyright also non-excludable? Justify your answer with economic reasoning

Patent is one of the Intellectual Property Rights (IPR) granted to an individual or entity to...

Patent is one of the Intellectual Property Rights (IPR) granted to an individual or entity to claim a proposed new invention. Explain how patents can be a support for innovation in a business or business. Explain in detail.

Discuss the distinction between intellectual property and tangible property or real estate. What forms of intellectual...

Discuss the distinction between intellectual property and tangible property or real estate. What forms of intellectual property exist? Locate a high profile legal case (that actually went to court), where a form of intellectual property faced a legal challenge. Give a brief synopsis of the case, including the outcome and what type of damages were awarded, if any.

Research intellectual property theft and discuss the relevance of intellectual property crimes and its hidden cost...

Research intellectual property theft and discuss the relevance of intellectual property crimes and its hidden cost on American society

As the textbook states, "Intellectual property and information rights are extremely important assets of individuals." The...

As the textbook states, "Intellectual property and information rights are extremely important assets of individuals." The protection of these rights in today's world with the speed of the Internet is often difficult to secure. We have seen designs, works, and products abused by those who seek the quick profit copying them illegally, whether the original was good or bad. Is the protection of the patent, copyright, and trademark going to be a thing of the past? Your thoughts, please. Make...

The Ethics of Intellectual Property Rights (IPR): The Case of Jagadis Bose Jagadis Bose was a...

The Ethics of Intellectual Property Rights (IPR): The Case of Jagadis Bose Jagadis Bose was a scientist-inventor from India who is known to have made critical contributions to the invention of the radio. However, Bose deliberately insisted upon not filing a patent for his invention in the belief that scientific discovery should be freely shared and its resultant benefits should be a free domain for all of humankind. As a result, not only did he lose out on potential profits...

Subjects