Intellectual property is the creation of the mind of inventions, literary and artistic works, designs, slogans, names and pictures used in trade. The intellectual property is legally protected by rights, such as patients, author’s rights and trademarks, which enable persons to win recognition or financial benefit from their creation or invention. The intellectual property system aims at laying down a proper balance between inventor’s interests and the public interest and to provide an environment that helps the prosperity of invention and creation.
The United Nations was keen to establish one of its agencies, that comprises 191 states, including Egypt (International Organization of Intellectual Property), which was established by virtue of an international treaty in Stockholm in 1967, amended in 1979). This aims at laying down a balance international system for the intellectual property, that encourages creation and invention for the benefit of all.
Intellectual property is the most prominent picture of ownership worth protection. Creative intellect practices represent the main pillars on which the various cultures and scientific and technological advancement are based. Therefore, it is necessary to protect their owners’ rights and provide their products with protection, whether it is literary, artistic or industrial and help in enabling them to exploit and benefit from their production and provide them with incentive to add more creations.