Why is Intellectual Property Protection Important in Catalysis?
Intellectual property protection is crucial for several reasons:
Incentive for Innovation: IP rights provide a financial incentive for companies to invest in R&D. Market Exclusivity: Patents and trademarks can provide a temporary monopoly, allowing companies to recoup their investment. Legal Recourse: Registered IP rights enable companies to take legal action against infringement. Reputation: Trademarks and designs help build and maintain a brand’s reputation.
