Personal Perspectives on Intellectual Property And Anti-Trust Law

Personal Perspectives on Intellectual Property and Antitrust Law Student’s Name Professor’s Name Institutional Affiliations Course Name and Number Due Date Personal Perspectives on Intellectual Property and Antitrust Law Intellectual property and antitrust laws highlight some of the highly debated rules in legal settings due to their increasing importance within the rapidly developing and innovative world. The existence of strong intellectual property laws in the United States illustrates one of the primary reasons that firms have grown by benefiting from their new ideas. Such an aspect arises from the regulation’s capacity to protect the innovators from intellectual property theft. However, the antitrust laws appear to counteract this perspective by emphasizing consumer protection from exploitative practices. The law ensures that individuals or companies do not abuse their inventions for undue commercial benefits. These observations have led to the claim that the two laws are antagonistic. Despite this argument, unique components of the laws dispel this notion and confirm that they are compatible. The most salient aspect of intellectual property law is that it establishes exclusive rights for protecting innovators. According to Maggiolino and Zoboli (2021), the law extends its reach to diverse aspects that comprise patents, copyright issues, and trademark products. The author reveals that this feature enables individuals or companies to exclude any third players once they gain intellectual property right (IPR) ownership of an idea, product, or innovation. Such an aspect has attracted significant attention in legal settings because of i...