How does the application of intellectual property (IP) rights influence daily commercial gains for inventors or organizations?(1 point) Responses It ensures that individuals or firms lose money from their innovations. It ensures that individuals or firms lose money from their innovations. It ensures that the market crashes. It ensures that the market crashes. It ensures that individuals or firms profit from their inventions. It ensures that individuals or firms profit from their inventions. It ensures that inventors can no longer oversee their intellectual property.
It ensures that individuals or firms profit from their inventions.
By having IP rights in place, inventors or organizations can protect their ideas, products, or processes from being used or copied by others without permission. This allows them to have exclusive rights to their creations, which can lead to increased commercial gains through licensing fees, royalties, and sales of products or services. IP rights also incentivize innovation and creativity by providing a financial incentive for individuals or organizations to invest in research and development. Overall, the application of IP rights can help inventors or organizations profit from their inventions and innovations.