While IP protection is essential, businesses face various challenges:
Cost: The process of obtaining and enforcing IP rights can be expensive, especially for small businesses. Global Protection: IP laws vary by country, making it complex to secure and enforce rights internationally. Infringement: Despite legal protections, IP infringement is common. Businesses must be vigilant and proactive in defending their rights. Innovation Pace: Rapid technological advancements can make it difficult to keep IP protections up to date.