The industrial progress and cultural goods have a beneficial effect on society. Thus IPR rights are incentive to the creator because of the profit they bring for the whole society.
The above statement represents which one of the theory of IPR ?
MH SET - 2019, SET Exam - 2019,
Answer: A
The statement reflects the Utilitarian theory of IPR.
The utilitarian theory, associated with Bentham and Mill and with modern economic analysis, justifies intellectual property by its consequences: granting creators exclusive rights gives them an incentive to create, and the resulting inventions and works benefit society as a whole. The stress on the benefit to society is what marks it out.
The natural right (Lockean labour) theory says creators deserve their works because of their labour, the personhood theory (Hegel) that works express the creator's personality, and reward theories focus on what the individual creator deserves, not on the general good.
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