Every year on April 26th, the World Intellectual Property Organization (WIPO) hosts World Intellectual Property Day. At the Cardozo School of Law, we emphasize the importance of intellectual property—or IP—in our curriculum. With the first patent dating back roughly 600 years,1 and intellectual property rights originating with the Copyright Act of 1709 in Britain, IP has had a long and important journey in our culture and has played a central role in facilitating innovation and creativity through the present day.
In honor of World IP Day this April, we are doing a deep dive into the WIPO, the day itself, and the importance of IP Law.
Recap: What is Intellectual Property?
We have previously explored the ins and outs of intellectual property in our blogs that discussed the difference between IP and copyright, dove deep into landmark cases, explored the significance of its impact on the gaming industry, and dissected why IP is more important now than ever. Intellectual property, most generally, refers to any type of creation or invention that is a product of the mind, such as literature, art, design, images, or names. Intellectual property law works to protect and oversee the production and dissemination of such creations. IP laws stop individuals from copying work directly from their competitors and selling it for a profit as if it was their own idea. In turn, it helps to protect brands, the reputation of creators, the value of creative products, and the work of small businesses across the country.2
Today, in our digital and interconnected world, stealing other people’s work has become easier than ever before. With intangible assets, including art, music, images, and text, it is easy for people to duplicate and sell other people’s work online. IP laws play an essential role in protecting innovation and creativity and the integrity of the creator’s efforts.
What is World Intellectual Property Day?
World Intellectual Property Day is run by the WIPO, or the World Intellectual Property Organization. The WIPO is a forum and agency within the United Nations that comprises 193 member states and cooperates and collaborates to develop global intellectual property policy. Established in 1967, the WIPO seeks to protect innovation and creativity on a global scale.3
Since 2000, the WIPO has hosted World Intellectual Property Day on April 26th to raise awareness about the importance of patents, copyrights, trademarks, and other intellectual property assets impacting our lives and enabling creativity and ongoing innovation in our society.4
2022 IP and Youth: Innovating for a Better Future
This year, the WIPO declared the World Intellectual Property Day theme to be "IP and Youth: Innovating for a Better Future."4 This focus is in honor and celebration of the young people in our society who are devising innovative solutions to society’s problems and working towards building a sustainable future. It is also extremely relevant given that there are nearly 50 million self-described “content creators” online across social media platforms like YouTube, Instagram, and TikTok, 2 million of whom make six-figure incomes from these roles, and many of whom are under 18 years of age.5,6
This year’s World IP Day theme is dedicated to showing how intellectual property rights support and aid young people’s creative efforts by protecting their talent, new perspectives, and fresh ideas for innovating change in the world. This theme provides an educational platform for young people to understand how IP law works to support their goals and aspirations. Participants in WIPO’s workshops and events can learn how IP laws work to enable them to profit from their creative ideas and innovations, digging into topics including copyright, trademarks, patents, and more. World IP Day 2022 is a reminder of the importance and urgency of upholding thorough IP laws in order to create an atmosphere for creative young people to thrive. It encourages policymakers to continuously make regulations to facilitate the success of young digital natives who are creative and resourceful.
What is the Value of an LLM in Intellectual Property?
At Cardozo Law, we offer an LL.M. in Intellectual Property which provides a strong foundation or an in-depth extension of skills for all legal professionals seeking to pursue a career in IP. With intellectual property proving itself to be a crucial issue faced by companies and organizations alike, this field is set to continue to grow, and it is a skill set that is in high demand in our increasingly virtual world. With the rise of intangible assets that are shared across the internet, it is easy for people to unlawfully copy and share books, music, movies, and more. Copyrights, patents, trademarks, trade secrets, and the laws around these protections are all intended to encourage innovation and creativity, and are essential to the practice of IP law to help curb illegal activities. Our program focuses on everything from emerging technology to data, privacy, fashion, and entertainment law within contexts such as cybersecurity, internet law, e-discovery, and international data protection. An LL.M. in Intellectual Property equips legal professionals to work in law firms, startups, businesses, the entertainment industry, and more and is a versatile career pathway that can branch out in a variety of directions.
Choose the Cardozo Online Law Program for a Career in IP
Yeshiva University Benjamin N. Cardozo School of Law is a leader in law and business, intellectual property, public interest, and clinical legal education. Our entirely online law program is distinguished from others in its field. With extensive flexibility, we offer students the benefits of our school’s prestigious name without the financial pressure of relocating to New York City. Studying online, students benefit from the ability to continue working throughout their degree, and access to an extended network of academics and professionals that will help launch their IP career. Our program is a leader in the intellectual property law space, and we connect our students with our experienced and knowledgeable community to drive innovative and successful outcomes. Connect with an Admissions Counselor to learn more about the LL.M. in Intellectual Property Online Program.
- Retrieved on April 20, 2022, from mondaq.com/patent/1159928/the-first-patent-now-celebrating-600-years-of-age
- Retrieved on April 20, 2022, from whitehouse.gov/briefing-room/presidential-actions/2021/04/23/a-proclamation-on-world-intellectual-property-day-2021/
- Retrieved on April 20, 2022 from www.wipo.int/about-wipo/en/
- Retrieved on April 20, 2022, from wipo.int/ip-outreach/en/ipday
- Retrieved on April 20, 2022, from influencermarketinghub.com/creator-economy-stats/
- Retrieved on April 20, 2022, from scmp.com/magazines/style/news-trends/article/3033320/ryan-toysreview-boram-tube-vlog-4-youtubers-under-18