Discuss the rationale behind the concept of intellectual property. What are the underlying premises of the global IP regime?.
The main purpose of intellectual property law is to encourage the creation of a wide variety of intellectual goods. To achieve this, the law gives people and businesses property rights to the information and intellectual goods they create, usually for a limited period of time. This gives economic incentive for their creation, because it allows people to benefit from the information and intellectual __________ _________ ________ _____ ____ ___ _________ _____ __________ ______ ______ _______.
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