LETTERS: Awareness and understanding of intellectual property (IP) law remains low among Malaysians.
IP law, which includes legal protection for creation of the mind such as inventions, and literary and artistic works, designs, symbols, names, and images, is a critical component of modern economies.
Despite its importance, many Malaysians are not exposed to this area of law, leading to a lack of appreciation for the value and implications of IP rights.
By understanding IP law, we can better protect innovations and creations from unauthorised use and exploitation. This will encourage more innovation and creativity, contributing to our economic growth.
IP rights also contribute to economic development by incentivising investment in research and development.
When businesses know their intellectual assets are protected, they are more likely to invest in new technologies and creative projects, leading to job creation and economic diversification.
This is crucial for maintaining competitiveness on the global stage. Knowledge of IP law ensures that businesses can navigate international markets more effectively, leveraging their intellectual assets for maximum advantage.
Many unknowingly infringe on IP rights, which can lead to legal consequences. Understanding IP law helps individuals and businesses avoid costly suits and fines.
For example, using copyrighted material without permission can result in significant penalties, impacting personal finances and business operations.
The Malaysian entertainment industry has long struggled with piracy. Unauthorised distribution of movies, music and software not only harms creators financially but also affects the overall growth of the industry.
For instance, local filmmakers and musicians often lose revenue due to the illegal copying and sharing of their work.
A better understanding of IP law could help creators take legal action to protect their rights and reduce piracy.
Malaysia's burgeoning tech industry has seen several patent disputes, where companies have had to defend their innovations against infringement in domestic and international markets.
Some businesses frequently encounter issues with trademark infringement, where competitors use similar branding to confuse consumers and siphon market share.
In conclusion, knowledge of intellectual property law is crucial for Malaysians to protect their innovations, contribute to economic growth, avoid legal issues, and compete globally.
With the rapid pace of technological advancement and the increasing importance of creative industries, it is more important than ever for us to be aware of and understand IP law.
By enhancing IP literacy, Malaysia can better support its creators and innovators, fostering a more dynamic and resilient economy.
Promoting awareness of intellectual property law should be a priority to ensure that we can fully capitalise on our creative potential.
SHAHRIZAL MIZANI
Faculty of Syariah and Law, Universiti Sains Islam Malaysia
The views expressed in this article are the author's own and do not necessarily reflect those of the New Straits Times