Patents, copyrights and trademarks
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Intellectual property (IP) rights have commercial value because they can:
- distinguish a business from its competitors
- be sold or licensed, providing an important revenue stream
- offer customers something new and different
- form an essential part of the marketing or branding process
- be used as security for loans or other investments
There are a number of organisations which protect such rights in different countries and trading blocs:
- United States Patent and Trademark Office
- European Patent Office (EPO)
- Eurasian Patent Office (EAPO)
- African Regional Industrial Property Organization (ARIPO)
- UK Intellectual Property Office
- World Intellectual Property Office (WIPO)
What is WIPO?
The World Intellectual Property Organization (WIPO) is an agency of the United Nations. dedicated to developing a balanced and accessible international intellectual property (IP) system, which rewards creativity, stimulates innovation and contributes to economic development while safeguarding the public interest. Its headquarters are in Geneva, Switzerland.