Business, Management and Accounting
4 years ago

Intellectual Property Rights: Key Asset for Business Success and Growth

Latgale National Economy Research
THE IMPORTANCE OF INTELLECTUAL PROPERTY IN BUSINESS
Juna Kjakšta, Kristaps Gailis

Paper Summary

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The article discusses the importance of intellectual property in business, focusing on the balance between rights holders and users. It highlights how intellectual property can be used as collateral for loans and points out gaps in Latvian laws. The researchers used various methods to explore the development of intellectual property rights in commercial law and analyze national and international legal norms. They found that intellectual property is a valuable asset for businesses and plays a crucial role in securing loans.