Selena Parker

  Intellectual property laws are the laws framed to shield the rights of artists, creators, and owners of any kind of intellectual property. It can include anything from designs, artistic works to inventions. Besides, intellectual property law can be divided into copyright, trademark, and patent laws. These laws were framed to inspire the advent of various goods, ideas, and services. Similar to the law that shields real estate and personal property ownership, Intellectual property law aims to protect intangible assets.    The law aims to offer creators an incentive to develop creative works that are beneficial for society. Besides, the creators can rest assured as they can earn profit through their creation without any risk of misinterpretation by others. Patents equip inventors with a right to utilize the products freely within the marketplace or earn profits by endorsing their right to a third party.    Usually, the validity of patent rights is up to twenty years- however, th