BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Innovative Policy Resolutions
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Industrial Protection Resolutions
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Intellectual property rights
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Income Plan Rewards
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Detailed explanation-1: -Intellectual property rights (IPR) can be used to protect the technology, brand name, design and creativity behind the concept. It gives the creator sole ownership of the concept, in a similar way to owning physical property like a house or car.
Detailed explanation-2: -Intellectual property rights (IPR) refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time. [1] These legal rights confer an exclusive right to the inventor/creator or his assignee to fully utilize his invention/creation for a given period of time.
Detailed explanation-3: -Intellectual Property Rights (IPRs) protect the use of information and ideas that are of Commercial Value.
Detailed explanation-4: -Why is IPR Important for Entrepreneurs? IPR are important for entrepreneurs to promote and protect their inventions and creations. Creators, authors, inventors, etc., will get benefited for their hard work only if their work is distributed or shared to the public with their permission.
Detailed explanation-5: -There are four types of intellectual property rights (IP): patents, trademarks, copyrights, and trade secrets.