While the term "intellectual property law" as a legal concept is commonly bandied about, what it protects and seeks to promote is often misunderstood. Intellectual property is subjected to sustained criticism and even treated with hostility. The negative views about intellectual property could damage the economy and growth prospects considerably. Based on the proposed changes to laws and draft policies from the Department of Trade and Industry over the past few years, it appears the department may have been influenced by people who express these troubling views. The department should be mindful that those who aim to dilute the rights that intellectual property law provides may be more interested in pursuing their own interests than in improving society. The intangible nature of intellectual property, such as copyright or patents, makes it necessary to provide legal protection. Because society is enriched by innovative products and works of literature, art or music it is considered s...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.