Document Type : Reasearch paper
Abstract
Intellectual property rights have a significant impact on business relationships and innovation in the energy industry. Intellectual property rights include patents, copyrights, trademarks, industrial property rights, and other rights that protect innovations and intellectual works.
Intellectual property has a positive impact by providing financial incentives to owners of ideas and innovations. When a new invention or technology is registered and intellectual property rights are applied to it, its owners can protect their investments and obtain financial returns from using that technology or selling it to other companies.
However, intellectual property rights may also have a negative impact on business relationships in the energy industry. Intellectual property rights may restrict access toTechnology and knowledge, which affects innovation and the ability of companies to compete and develop new technologies.
In general, it can be said that intellectual property rights have a prominent role in maximizing trade relations and innovation in the energy industry, contributing to protecting innovations and encouraging investment in research and development, and at the same time it requires balance with providing access to technology and encouraging cooperation between companies to achieve sustainable progress in Energy field.
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