. Analyse the Utilitarian Theory of Intellectual Property Rights advocated by Jeremy Bentham along with the limitations of the said theory.

The Utilitarian Theory of Intellectual Property (IP) Rights, advocated by Jeremy Bentham, posits that the primary purpose of granting intellectual property rights is to promote overall societal welfare by incentivizing innovation, creativity, and the dissemination of knowledge. In essence, this theory argues that the best way to encourage individuals to produce new ideas, inventions, and creative works is to grant them exclusive rights over their creations for a limited period. By providing creators with this exclusive right, society benefits from the increased availability of new and useful __________ __________ ____ ___ ___ _____ __________ _________.
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