Intellectual property and its impact on innovation: patent rights

Abstract

Intellectual property refers to the protection of the product of the human intellect, whether in the literary, artistic or industrial scientific fields. This protection gives creators, authors and inventors a temporary right to exclude third parties from the appropriation of knowledge created by them. In fact, different elements provide intellectual products with attributes that, in one way or another, improve people´s quality of life. These elements can be called human initiative, ingenuity, creativity, sudden inspiration, revelation or new vision of observed facts, which may or may not be accompanied by experimentation, trials and errors, technical knowledge, aesthetic sensitivity, among others. In this way, intellectual creation can involve the solution of a technical problem with more desirable functional qualities, or lead to the creation of something aesthetically pleasing, to satisfy a human need or desire
that can be utilitarian, sensory, social, cultural, mental, spiritual or religious. These elements that add value or quality of life are the basis of intellectual property, and that through the correct protection of such inventions, a better economic development can be generated not only for each inventor, but also at a national level.