Posted by: Anonymous Coward
on October 28, 2004 08:38 PM
"Intellectual property" is so-called because it gives ownership (property) rights to products of the human intellect.
If I write a book, come up with an invention or develop a brand, why should I share that with someone else? I may have spent time and money in development of the work/invention/brand - if I am not entitled to benefit from it, why should I bother?
IP rights give individuals and companies the incentive to innovate.