The expansion and growing strength of intellectual property (IP) rights and protection at the global scale have attracted increasing attention and the need for a balance in the relationship between the monopolistic rights and economic benefits accruable to IP owners, on the one hand, and the competition and antitrust laws that seek to address the social cost of monopolies and unfair market practices and abuse of market dominance, particularly those related to IP, on the other.
Traditionally, a business worth is the summed-up estimation of the assets owned and under its control. Before the digital economy, more reliance and focus were placed on a business’ physical/tangible asset in estimating a business’s worth, with negligible attention to the intellectual capital of the business. However, the advent of the digital economy has awakened the consciousness of businesses and brands to the enormous wealth, rights and competitive advantage associated with their intellectual capital.
From the managerial point of view, it has become pertinent and prudent that merely obtaining formal IP rights is never enough, it must be properly followed with effective IP management and adequate exploitation of the business’ IP portfolio to enable the business to derive optimal benefit from its IP assets, protect the company’s data, decreases risk, avoid liability accruable from careless infringement of third party rights develop adequate IP strategy and policies and enhances compliance with global legislation.
Intellectual property has become one of the most discussed topical issues in today’s business world. It is that category of property that covers the intangible creations and products of the human intellect. That is, assets that are not physical in nature, rather, they are idea, concept and creations of the mind such an invention, literary and artistic work, designs, symbols, names, images amongst many others.
By all indices and benchmarks of democracy, the Nigerian democratic system is a long walk away from true democracy both in principle and in practice. This further inform on the rationale behind the national rampaging insecurity, the crippling economy, poor leadership and followership, disunity, lack of national loyalty, mass exodus of intellects, inadequate infrastructure, increase in crime rate and corrupt practices that has riddled the nation pre and post the fourth republic.
Children’s day is a commemorative date celebrated annually in honour of children as today’s hope of tomorrow’s leadership and greatness, also as a reminder to all about the importance of childhood and better life. Children and young persons are public investments and hope of better continuity of a nation.
Hence, it is no herculean prediction that the future of a nation is wholly dependent and forged by the quality and standard of her investments into the nurturing, health, environment, education and general welfare of her children and young persons. Therefore, promoting and protecting the rights of children and young person should not never be a topic to debate or be decimated to an annual celebration, rather, it should be the topmost priority for every parent, guardian, government, institutions, organizations and the world in general.
Regulating crowdfunding became inevitable in the bid to protect investors and boost public confidence to investin startups and MSMEs, which would further deepen the nation’s capital market and enable it to provide capital development for MSMEs. However, there is the need for regulatory caution, to avoid over-regulation which may hinder the intended access of MSMEs to capital.