As matters of intellectual property begin to transcend borders more frequently in a globalized economy, a joint study from the International Intellectual Property Institute and U.S. Patent and Trademark Office has provided a valuable resource for all stakeholders. Researchers have conducted a first-of-its-kind analysis that consolidates information pertaining to specialized IP courts around the world into one centralized resource.
Local IP laws and regulations within more than 190 countries were reviewed to classify nations and regions in terms of the scope and maturity of their specialized IP litigation channels. This intelligence is expected to be of particular interest to companies and sole inventors pondering the merits of IP protection as they venture into new markets, as well as nations plotting investment in stronger IP management frameworks.
"Effective rule of law is essential to the stability of the global intellectual property rights system," IIPI president Bruce Lehman explained. "This study provides countries considering implementing specialized court regimes with the accumulated knowledge of the world's most effective intellectual property institutions."
This research goes on to draw a clear link between strong, efficient IP systems and economic development as established regulatory structures signal to foreign investors that the target country will take their rights seriously.