Stricter laws and regulations to protect intellectual property rights

Stricter laws and regulations to protect intellectual property rights will help to create a more successful market system. Intellectual properties are creations of the mind, they are works of people's creative mindset. Intellectual properties can be protected through any of the four different classes of rights: (1) Copyright, (2) patents, (3) trademarks, and (4) trade secrets.

Copyright is the exclusive right given to the creator or the originator of an intellectual property for him or her to continue to recreate for a specific period of time, it is renewable.

Patent is a right or authority given by the Government to the creator of an intellectual property to prevent others from recreating the same invention over a period of time.

Trademarks are a type of intellectual property rights which represented by some signs signifying that it is produced under authority.

Trade secrets are certain undisclosed facts or procedures concerning the creation of a given invention, they are recognized by the Government.

Putting stricter laws to protect intellectual properties rights will help to cut down theft, corruption, and help to make the market stronger and better.