Abstract

Intellectual property (IP) plays a crucial role in the present information-driven economy. IP Laws stands at a pedestrian, promoting creativity, innovation, and economic prosperity. Nonetheless, IP rights are often scrutinized for their accessibility and diversity-harming consequences. The fundamental goal of intellectual property laws is to encourage artists, innovators, and inventors to make their goods better and share them with society so that everyone may profit. By granting monetary rights to intellectual creations, these statutes aim to encourage a spirit of innovation and the free flow of knowledge. Intellectual Property Rights (IPRs) mainly aim to solve several development-related concerns. Examples of such issues include promoting sustainable development efforts, expanding educational opportunities, lowering poverty rates, and boosting economic growth. Ensuring that underprivileged communities have access to healthcare and medications is also important. This research aims to learn if and how intellectual property laws might help reduce global inequality, empower underrepresented groups, and encourage innovation.

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