Intellectual property laws concern themselves with the property of the copies of artistic or industrial products.

“Intellectual property” is an umbrella term which defines a group of laws, including those concerning industrial property.

Copyright and Industrial Property are normally considered as the two constituents of Intellectual Property.

Protection granted by industrial property rights is exclusive to those products in which the aspects of intellectual creation are explicit.

Although they play an important role in the economic development of countries, patents and copyrights are still questioned as effective instruments for dealing with intellectual inventions.

In mid-nineteenth century, the British patent system was adjusted in order to be able to face business competition with the expanding American market.

The basis of a system for protecting intellectual inventions was already stated in the U.S. Constitution.

In the American patent system, the idea of protection of individual rights goes against the idea of collective welfare.

The international organization WIPO is responsible for enacting legislation intended to regulate intellectual property in every country.

The British patent system is the oldest one in the world, but it only took the form that we are familiar with today, i.e. protection for inventors, after the seventeenth century.