When collaborating on your group’s work product, intellectual property rights (IPR) are important to consider. They are legal rights given to inventors and creators of new ideas, technology, writings, artwork or any other form of expression. These rights protect your creations from being copied without permission and can be used to monetize the original idea or work. Let’s look at why IPR is important and why you should understand it.

What are Intellectual Property Rights (IPR)?

IPR are rights given to creators of works, inventions, and ideas to protect the creations of individuals and corporations from being used by others without permission.. IPRgives creators control over their work, so they can benefit financially from their work and protect it from being copied or stolen by others.

Once you create intellectual property—for example, a piece of technology or an invention—you can claim intellectual property rights in those works by registering them with a government office or agency on trademarks and patents such as the USPTO in the U.S. Or, you can   copyright the work via a Copyright Office. Once registered with the government and protected under IPR laws, you have exclusive rights over your creations so that no one else can use them without your permission, except for uses specifically allowed by law (e.g., fair use).

IPR for Open Source

Open source software is widely considered to be a good thing. It’s free, it allows the public to improve upon and share the code, and it can provide significant advantages over proprietary software. However, open source isn’t without its limits. In fact, open source has been used as a tool for developing proprietary software in many cases–and that’s not always beneficial for consumers or developers alike.

Open source software needs intellectual property rights (IPRs) protection too! IPRs are essential for protecting consumers from using pirated products or services; they also help ensure fair payment for creators and developers of copyrighted works within open source – which helps keep those industries thriving so that more quality content can be created going forward.

Protecting creators and the market

IPRpromotes innovation by providing an incentive for creators’ investment of time and money into developing new ideas. A patent award provides legal protection against others copying your product design during its term (usually 20 years). Without this protection, industry and collaborations would not be able to invest as much time or money into research and development because they could not expect any return from their investments; instead they might focus only on selling existing products rather than improving them over time.

IPR also creates a level playing field for all market players. By providing legal protection, Intellectual property rights create a fair environment in which all market participants can fairly compete with one another based on their talents and ideas rather than on who has more money or power to spend on lawyers. The result is a competitive marketplace where consumers can choose to buy technology or products made by any size company, allowing small businesses with innovative products to grow into large ones without being crushed by entities who may have access to more capital but lack creativity or ingenuity.

IPR also stimulates the growth of new businesses, technology, and products by providing a legal framework for protecting their ideas and inventions from duplication or misuse by others.The World Trade Organization has estimated that IPR protection supports $9 trillion in annual global trade. IPR is often described as a public good because it provides benefits for society at large without being depleted when one person uses it.

Quality and safety assurance

As you know, intellectual property rights protect consumers from being ripped off. They also protect them from dangerous products, as if you buy a bottle of wine and discover that it has been tainted with arsenic. Technology can relate to this example as it may contain viruses or malware that are harmful to consumers. When intellectual property rights are respected, consumers can rely on the integrity of what they buy. If there is no intellectual property protection, then you have no idea if the product you’re buying is safe or not.


Intellectual property rights are a crucial part of the global economy and technology organizations. Be sure to consider protecting your product, technology, or work with Intellectual Property Rights!

More About IEEE-ISTO

ISTO was established in January 1999 to meet the needs of global emerging technology alliances, industry consortia, trade associations, and other technology collectives. ISTO provides the infrastructure, support and expertise to support standards development efforts and market adoptions of emerging technologies. ISTO offers legal not-for-profit formation, technology association management, executive leadership, financial management, membership administration, web and digital marketing, and more. ISTO is a neutral, safe harbor for industry and government to build relationships, successfully collaborate and fulfill your missions.  

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