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What Is Intellectual Property?
What Is Intellectual Property?
RA10372- was enacted to amend the certain provisions ofWIPO internet treaties. feb 28 2003
1. The state recognizes that an effective intellectual property system is; a. vital to the development
of deomestic and creative activity; b. facilitates transfer of technology; c. attracts foreign
investments; d. insures access for our products.
2. The state likewise recognizes that use of intellectual property bears social function…
-intangible property
PROTECTION OF INTELLECTUAL PROPERTY BASED ON John locke theory of labor. An individual has a
right or claim to the product of his labor. If the individual exerted effort to think or conceptualize, it is
only proper to afford ownership over such product.
-it encourages creativity and innovation. By giving protection to inventors, authors and others.
Right of action.
The product of creative mind does not necessary include the intellectual property.
Non-rivalry- you cannot exclude one from consuming the same intellectual property