Page 6 - QUEST-IP (Final)_Neat

Note From The Head of The Chambers

In this modern era, new ideas are generated almost every moment.
Individuals and businesses are striving to generate profits and sustain
in the competitive market by coming up with innovative ideas, making
the best use of such ideas and by associating the same with the goods
and services that they offer. The value of intellectual properties has long
outweighed the value of the tangible assets in a mature market. As much
as it is significant to protect one’s own ideas and creations, it is equally
crucial to operate in a manner which does not infringe the Intellectual
Property Rights of others.

With the technological advancement, it is aspired that the Intellectual
Property landscape would drastically transform in the near future. Being
an emerging economy and also being at the verge of graduating from
a Least Developed Country to a Developing Country, Bangladesh has
a massive and concentrated market for businesses to operate resulting
into the creation of enormous room for IP to flourish. Although laws
relating to trademarks, copyrights, patents, designs, etc. are in place,
however, they all have their own limitations. Such limitations need to
be carefully addressed and necessary reforms need to be brought to
accommodate and fill in the loopholes of the existing IP regime. The IP
owners also need to appreciate the real worth of their IPs so that they
can come forward to protect the same.

4 | QUEST : Intellectual Property