Intellectual property rights are the exclusive rights regarding the fruits of intellectual labor created by human beings in social practice. With the development of science and technology, in order to better protect the interests of property owners, the intellectual property system has emerged and is constantly being improved. Nowadays, there are more and more infringements of intellectual property rights such as patent rights, copyrights, and trademark rights. The modern patent system came into being in the first half of the 17th century; a hundred years later, the "patent specification" system came into being; and more than a hundred years later, starting from the needs of the courts in handling infringement disputes, the "claims" system came into being. "system. In the 21st century, intellectual property rights are closely related to human life. Intellectual property rights are everywhere. We can see its important role in business competition.
Disadvantages of intellectual property rights:
1. Intellectual property rights generally increase the transaction costs of the entire economic activity, or become a hindrance to the development of a free market economy. Weakened the role of market regulation.
2. In terms of protecting intellectual property rights, the original intention of establishing this concept is to protect innovation, thereby further promoting the ability to install new products. However, judging from the current intellectual property situation, intellectual property rights are used too much to attack competitors, thus hindering innovation.
3. The monopoly of intellectual property rights may cause the right holder to use its monopoly on a certain intellectual product to restrict others from entering the field. Only the right holder can do so. There will inevitably be no competition in this field and the formation of The right holder has a monopoly in this field.
But in general, the protection of intellectual property rights definitely outweighs the disadvantages and is in line with the trend of the times.