Intellectual Property in the Fourth Industrial Revolution Era

Intellectual property law creates exclusionary rights based on the results of human intellectual activities. Intellectual property exists in various forms. Technological innovations are essential to the development of industries and can be protected as intellectual property, specifically by patents. The patent system calls such technological innovations inventions and those who created such inventions inventors. Inventions include product inventions and method inventions, and, either way, they must be new and involve an inventive step (meaning not easy to think of) to be patentable.