Industrial property refers chiefly to inventions, trademarks, industrial designs and appellations of origin. For example, the Coca Cola Company owns the symbol that is known around the world for the soft drink that Coca Cola produces. Patents and copyrights are chiefly for literary, musical, artistic, photographic and audiovisual works. Nowadays, there is a great increase in the amount of international business that is conducted around the world. More international business means more complex discussions about intellectual property.
More international business creates new challenges for intellectual property experts.
WIPO is an organization whose primary purpose is to address this challenge. While in one country there are laws protecting the rights of inventors and artists, there may not be such laws in another country. What may be a violation of intellectual property in one country may not be a violation of intellectual property in another. There are many counterfeit products around the world. Music is an easily counterfeited product.