What are the advantages and disadvantages of intellectual property rights?

Intellectual property is the exclusive right of intellectual labor achievements 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 came into being and was constantly improved. Nowadays, there are more and more violations of intellectual property rights such as patents, copyrights and trademarks. The modern patent system came into being in the first half of17th century. A hundred years later, the "patent specification" system came into being; More than a hundred years later, the system of "patent claim" came into being for the need of the court to deal with infringement disputes. 2 1 century, intellectual property is closely related to human life, and it is ubiquitous. We can see its important role in business competition.

Disadvantages of intellectual property rights:

1. Intellectual property will generally increase the transaction cost of the whole economic activity, or just become the resistance to the development of free market economy. Weakened the role of market regulation.

2. In terms of intellectual property protection, the original intention of setting up this concept is to protect innovation and further promote the ability to install new products. However, according to the current situation of intellectual property rights, intellectual property rights are used to attack competitors too much, which hinders innovation.

3. The monopoly of intellectual property rights may make the obligee use its monopoly on a certain intellectual product to restrict others from entering the field. Only the obligee can, there will be no competition in this field, and the obligee will monopolize this field.

But generally speaking, the protection of intellectual property rights is definitely more beneficial than harmful, which is in line with the trend of the times.