Balancing Innovation and Fair Trade: Intellectual Property Rights under Competition Law Scrutiny
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Abstract
Innovation is a crucial catalyst for economic growth and human progress, whereas fair trade guarantees competitive markets that advantage consumers. The convergence of intellectual property rights along with competition law creates a complex relationship that necessitates balancing the promotion of innovation through exclusivity with the potential for anti-competitive behavior. This paper analyzes the obstacles and opportunities stemming from this interaction, emphasizing how competition law evaluates intellectual property rights to avert market dominance abuse and anti-competitive agreements. It examines international legal frameworks and case studies to emphasize the intricate balance between safeguarding inventors and promoting fair market competition. The article further examines how modern legislation and judicial rulings resolve conflicts, ensuring that intellectual property rights function as a mechanism for innovation without hindering market access and equity. The findings seek to offer insights for formulating legal and regulatory measures that support both innovation and equitable trade in a progressively globalized economy.