Intellectual Property: Meaning and Its Importance

Corporate Secretary Service Indonesia – Have you ever heard of intellectual property right? This term is vital for those in the creative industry today. With the development of time and technology, crimes have become increasingly diverse, including the theft of ideas. Of course, this must also get attention because theft is not only on property.  You also certainly don’t want your ideas or ideas to be stolen by others. For this reason, it is essential to understand the existence of intellectual property.

Meaning of Intellectual Property (IP)

Cited from the World Intellectual Property Organization (WIPO) page, intellectual property is a creation of the human mind, such as artistic or literary works, names, images, and symbols that humans will use in commerce. Intellectual property must be protected legally, such as through trademarks, copyrights, or patents. With this law, someone who creates something can get protection and financial benefits. In addition, this work must also be protected because it has economic benefits for humans.

Reasons for the Importance of Intellectual Property Rights

Intellectual Property Rights (IPR), or what you can recognize as Hak Kekayaan Intelektual (HKI), emerged in Indonesia because of the value of labor created when producing work. Intellectual Property Rights are property rights that arise from human intellectual abilities and involve a relationship with a person’s personal rights or Human Rights. Intellectual Property Rights will protect the creators of works and their efforts to create valuable works. These are some of the purposes of Intellectual Property Rights:

1. As a means of increasing competition and market power, especially for the commercialization of intellectual property
2. A means of anticipating IPR violations from other parties
3. As a consideration for determining business, industrial, and research strategies in Indonesia

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In addition, the existence of Intellectual Property Rights also encourages more innovation and creativity from creative industry players. When industry players get protection for their rights, they can benefit. This profit will help replace the costs and ideas they have spent on the work. With these benefits, they can be more motivated to innovate and create new works.

The existence of these new works will ultimately not only benefit themselves. The community will also benefit from and gain economic value from creating valuable and useful works. Intellectual Property Protection also benefits consumers. It ensures that consumers have easy access to various services and products. Without IPR, consumers will find it challenging to find innovative and new services and products. The price they have to spend may also be much more significant.

Don’t worry about developing your business by setting up a company in Indonesia, because Portcorp is here as a solution for your business, also when you need Intellectual Property Rightsregistration. Portcorp is your comprehensive corporate secretary service in Indonesia. With our presence, you can get a dedicated company secretary to support you to what you need. Our company secretaries will track deadlines and file paperwork so your business keeps running smoothly. Contact us now on +6221-5020-8090 for your business succeed in the future!