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Behavior and Law

Purpose of Intellectual Property Rights

Intellectual Property Rights: Concepts, Types, and Purpose

Paper III · Unit 3 Section 4 of 9 0 PYQs 21 min

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Purpose of Intellectual Property Rights

3.1 Five Core Purposes

3.2 IPR and Public Interest Tensions

IP Type Public Interest Concern Mechanism to Balance
Patent High drug prices due to pharmaceutical monopoly Compulsory licensing; Section 3(d) anti-evergreening
Copyright Restricted access to educational materials Fair dealing; statutory licences for cover versions
Trademark Generic names becoming trademarks Genericness doctrine (e.g., "escalator" became generic)
GI Exclusion of smaller producers from using their traditional product names Community registration; broad membership rules
Trade Secret Employee knowledge suppressed Non-compete clauses limited; reasonable restraint only