Intellectual Property Agriculture Law

Question: Discuss about theIntellectual Property Agriculture Law. Answer: Introduction The tern intellectual property refers to the creation of an individual or a group of individuals minds. The term also refers to various sets of intangible assets which are legally owned and protected by a firm externally possessed or implemented without the consent of the company (Landes, Posner Landes, 2009). The main aim of intellectual is to provide a firm with competitive advantages in the prevailing market. A part from the intangible assets, intellectual property is also aimed to offer protective rights to the physical property as well. Intellectual property is divided into two categories, the industrial property and the copyright. Where industrial property covers the patent rights for inventions, trademarks geographic marks and designs. Copyright on the other hand covers literary and artistic types of work such as the music, drawings, paintings, photography and other literary works. Importance IP to Individuals and Economy of Dubai Integration of intellectual property and UAE is critical for the development of innovative culture in Dubai. Intellectual property helps with transformation of new ventures through creation of innovation capabilities and nature creativity into the present market value and competitiveness. Implementation of intellectual property right by the UAE will allow innovative entrepreneurs in the country to protect their inventions. The ability by the entrepreneurs to protect their inventions encourages many other investors to join the system resulting to job creations as well as economic boost. Intellectual property also enable various entrepreneurs the possession of other capabilities such as current market signals, prospective values, knowledge concerning the market, knowledge on the partners and competitors and finally provide protection to young innovators from any rivalry which may arise from other related inventions. With effective development of intellectual property through the UAE system can facilitate the financial access for various entrepreneurs in Dubai. It also helps with the development of entrepreneurial skills, market technologies which facilitates invention and innovation. Skills and market technology is important for innovation and the development of RD firms in Dubai leading increased income into the economy and increased GDP. When majority of individuals in the nation are having job the economy of the country will improve by a given percentage. Development of equitable and well-organized intellectual property system by the UAE will enable economic development in Dubai as well as social and cultural well-being of the people in national. Adoption and facilitation of the IP in the nation will help to strike equity among the interest of various entrepreneurial innovators, general public and the government. This collaboration and common interest by the key players in trade enables a flourish environment in which creativity together invention that is beneficial to everyone. Implementation of intellectual property in Dubai by the innovation and invention body UAE will enable protection of new entrepreneurs in various markets. With new creators protection through intellectual property fuels commitment of additional resource for extensive inventions and innovation (McManis, 2012). Proper economic growth is evident from all over the world where intellectual property has been employed. Similarly, promotion and protection of IP in Dubai can fuel economic growth in the nation, establishment of new job opportunities, development of industries and facilitation of quality life and better life in the country. How Intellectual Property to UAE can Promote Innovation in Dubai Copyrights Copyright is one of the intellectual property that can be used by the UAE in Dubai to help develop a culture of innovation. Copyright is a protection granted to an entrepreneur on any creative innovation created (Finger Schuler, 2004). This type of IP only apply to the original author of a given artistic work produced such as original book copyright, any art work and music. When an individual is protected by the UAE through a copyright, several people will be encouraged to join various mind industries. Trademarks Trademarks are another type of intellectual property which also encourages innovation in various countries in the global market. Trade enables a given entrepreneur to use any word, name, symbol or any device or combination in order to distinguish their inventive work from one another (Correa, 2000). It is therefore clear that with implementation of trade by the UAE in Dubai many several young firms will be able to attract buyers through their trademarks leading to many firms joining various mind industries. Patents Patent right is establish by the prime minister of Dubai. It is implemented to encourage and develop innovative culture in the country. Patent right as a type of IP enables and individual inventor to prevent others from making, utilizing or even importing and exporting his or her invention. Patent enable an entrepreneur to enjoy maximum profit for the idea or invention (Bently Sherman, 2014). With realization of profit many young or individuals with ideas can join the market. References Bently, L., Sherman, B. (2014). Intellectual property law. Oxford University Press, USA. Correa, C. M. (2000). Intellectual property rights, the WTO and developing countries: the TRIPS agreement and policy options. Zed books. Finger, J. M., Schuler, P. (Eds.). (2004). Poor people's knowledge: promoting intellectual property in developing countries. World Bank Publications. Landes, W. M., Posner, R. A., Landes, W. M. (2009). The economic structure of intellectual property law. Harvard University Press. McManis, C. R. (2012). Biodiversity and the Law:" Intellectual Property, Biotechnology and Traditional Knowledge". Routledge.