Explanation should include a definition of the term intellectual property rights and distinction among patents, trademarks, and copyrights. Explanation should describe the means by which the laws regarding intellectual property rights are enforced in the global marketplace.

Process/Skill Questions:

How are intellectual property rights protected?
What effect do intellectual property rights have on the global marketplace?
What international agencies or organizations have control over intellectual property rights?
What part do counterfeits play in this arena? What are examples of counterfeiting?
What are gray market goods?
Why should multinational companies follow foreign licensing requirements?
What free trade agreements are in place in different areas of the world protect property rights?
How is a copyright protected when used in different countries?
What are some current disputes related to reverse engineering and intellectual property rights?
Why might some countries require that drug patents be lifted before they expire?