Market Economy vs. Invention- Paradigm of Competition Law and Intellectual Property Rights
DOI:
https://doi.org/10.55184/dmejl.v1i01.45Keywords:
Competition Law, Antitrust Law, Intellectual Property, Invention, Creativity, Market competition, Anti-competitiveAbstract
The contentions between competition laws and intellectual property rights is still contemporary and evolving. The aim of both these legal regulation regimes are independent and exclusive, however, they can't be viewed in isolation. The technological advancement, research and development, competitive market structure, etc. the need for rewarding, promoting and preserving innovation and creativity has accelerated. However, this aspect of promoting innovation and creativity shouldn't conflict the basic ethos of market competition. Otherwise, the ultimate objective of consumer welfare will be defeated.
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