INTELLECTUAL PROPERTY RIGHTS AS A TOOL IN SECURING INNOVATION

Abstract

Introduction. This article introduces the main types of legal rights, with which an intellectual property asset may be protected.

Methods. An analysis of literature related to laws protecting intellectual property in main world-market jurisdictions was carried out. Presented herein results are based on this analysis and generalization of own experience.

Results. This article explains the value of intellectual property assets in the context of innovative products and describes the main types of intellectual property rights that can be used to protect these assets.

Conclusions. In the context of one’s innovative activity, the article further explains differentiations (protected subject-matter, registration requirements, terms, etc.) between different intellectual property rights and a benefit of their protection to a given innovation. Several examples from Philips innovation in consumer electronics and medical domains are mentioned to illustrate various strategies that can be taken in creating optimized protection by using a specific selection of the intellectual property right types.

References

World Intellectual Property Organization (WIPO). (2024). What is Intellectual Property? https://www.wipo.int/portal/en/

de Haan, P., & Luxon, L. (2022). 100 years Intellectual Property & Standards at Philips. Philips International B.V.

Lengova, M. (2024). Music box for the future. Philips Museum. https://www.philips.nl/en/a-w/philips-museum/stories/music-box-for-the-future.html