Intellectual Property or as it is abbreviated IP rights results from a contract between the owner of the rights and the state. The national law determining these rights is a balance between the rights given to the property owner and the need for benefits to flow to society. You will be given many examples of this balance, particularly the legal principle and formalities that set limited terms for intellectual property rights beyond which anyone may use the invention or creation.
All intellectual property rights are also designed with a limited time, some depending on payment for maintaining the intellectual property right, after which they fall into the public domain to be used for further creative endeavors.
Intellectual property rights are one of the fundamental rights of individuals; with the increasing expansion of inventions and discoveries, writings, and intellectual and cultural products, the scope and influence of these rights have increased sharply.
In addition, in the developed countries, these rights, along with other individual and inalienable rights of individuals, such as the right to life, the right to self-determination, And the right to liberty, moreover even in the international dimension, the importance of these rights has gone so far that the World Intellectual Property Organization (WIPO) It is recognized as the fourth largest international organization affiliated with the United Nations. Also, the global regulations of WIPO are one of the main pillars of the World Trade Organization (WTO) rules.