1. Economic benefit of industrial property rights

Industrial property rights provide protection against imitation and serve the purposes of preventing competitors from stealing a lucrative idea from you, from misusing your company name, and from manufacturing products which have no distinctiveness at all in comparison with yours.

Industrial property rights additionally offer the opportunity to bring actions for prohibitory injunctions and damages claims against those infringing these property rights.

Moreover, you can take legal action to obtain information about the originators of counterfeit goods and can have these goods seized and destroyed by the customs authorities.

The grant of a property right gives the proprietor an exclusive, temporally limited right to manufacture, use and market its “protected subject-matter” – this is the well-deserved reward for the proprietor’s creativity and innovation.