The rights based upon intellectual properties are considered to be those legal rights that safeguard the inventions and the creations that result from different types of intellectual activities within the scientific, industrial, literary, or any artistic fields. Some of the most common “intellectual property rights” include different forms of trademarks, copyrights, patents, and various types of trade secrets. Various international business organizations for a long time are wishing to consider setting up an alternative market within the Asian subcontinents in Bangladesh so that they can relocate their manufacturing and production procedure either partially or fully or have the potential to spread the operational arena by expanding the market.
This particular research proposal will highlight different aspects regarding the "intellectual property rights" undertaken by the Bangladesh government to modernize and upgrade trade-related and conformity aspects for the betterment of trade and business of the country. This research paper will also highlight the difference about undertaking various concepts related to intellectual property rights in both countries of Bangladesh and the UK.
This paper aims to figure out an experiment on the reasons behind the implementation of different types of "intellectual property rights" especially in countries like Bangladesh in comparison to the United Kingdom. The paper will also discuss different types of reasons and importance that any specific country must adopt to implement the intellectual property rights within their system or regime.
According to Mitsumori (2018), the impact that is caused as a result of trade-related "intellectual property rights" exempt different types of pharmaceutical industries of the countries of Bangladesh. The author mainly focused on the reasons behind the enforcement of different types of trade-related determinants and intellectual property rights that are compatible with patent law followed in the country of Bangladesh and exemptions that are made towards various organizations like the pharmaceutical industries of the country.
As quoted by Arya et al. 2019, in his research paper, the importance of implementation of intellectual property rights and related components and regimes are pretty useful to maintain an efficient social and economic developmental standard within different types of economies that are followed in any specific country like Bangladesh in comparison to the United Kingdom where the market stakes are pretty high. The research paper developed by the author highlights the importance of the room led by "intellectual property rights" within the economic and social logical development of the country and upgrading the economy of scale of the country on behalf of various existing studies, parameters, and indicators.
The research paper is going to be completed by adopting qualitative research methods and using secondary sources irrespective of the primary sources for implementing and judging the concept that is going to be used within this research paper. The main intellectual property rights within the United Kingdom are related to Trademarks consisting of both unregistered and registered Designs both unregistered and registered.
If any individual business house is planning to enter the markets of the United Kingdom then after that post-transition period of Brexit the European Union has within their rights and has withdrawn the power to supply relative protections to all the entities located in the United Kingdom or falls under the regime of the relevant European Union. Such types of implications are mainly noted within the trademarks and various registered and unregistered designs related to the United Kingdom which is not the case in Bangladesh.
Furthermore one another drawback that are found to be noted within the regime of the United Kingdom is related to protection of the trademarks. The protection is entailed upto territorial regions only. Such a case is missing in Bangladesh and therefore definitely Bangladesh enjoys a pretty good position when the question of application of “intellectual property rights' ' comes up.
Brexit has also changed the course of acquisition of trade marks especially in countries like the United Kingdom and therefore Bangladesh enjoys opportunity to implement intellectual property rights and take the most of advantage of these types of rights The Bangladesh government can reform various areas of trademarks patents and other business to mean so that protections of creativity and presentation can be guaranteed. Those reformations are generally considered as intangible creations related to human intellect. Some of those types of reformations are patents, copyrights, trade secrets and trademarks. It is very essential for any country like Bangladesh to efficiently take care of this kinds of reformations because without so there remains the possibility that the business and economy of the country might get affected.
RQ1: What is the role of the government of Bangladesh behind the implementation of "intellectual property rights”?
RQ2: How do intellectual property rights safeguard the interest of the business perspectives of any country?
RQ3: Which areas within the Bangladesh government remain under the protection and control of “intellectual property rights.