Intellectual property right is an intellectual property (IP) someone has the right to claim due to moral and economic rationales. Focusing on the ‘rules of the game’ embedded in the current IPR regimes (mostly based upon strong and exclusive IPR law and strong IPR enforcement worldwide) and the ‘play of the game’ of firms and individuals in rival competition to capture the return from their IP, this article describes the critical debate on the rationales and performance of our IPR regimes at various levels (global, nations, firms, the individual, etc.). The importance of both moral and economic considerations in reaching both societal and corporate objectives or benefits is highlighted as a matter of equal concern.

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