Intellectual Property Rights (IPR) and International Trade (CRS Report for Congress)
| Release Date |
Revised Sept. 15, 2023 |
| Report Number |
IF10033 |
| Report Type |
In Focus |
| Authors |
Shayerah Ilias Akhtar; Ian F. Fergusson |
| Source Agency |
Congressional Research Service |
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Summary:
What is intellectual property (IP), and how is it protected? IP is a creation of the mind embodied in physical and digital objects. Intellectual property rights (IPR) are legal, private, enforceable rights that governments grant to inventors and artists. IPR generally provide time-limited monopolies to right holders to use, commercialize, and market their creations and to prevent others from doing the same without their permission (acts referred to as infringements). IPR are intended to encourage innovation and creative output. After these rights expire, other inventors, artists, and society at large can build on them.
