Sheheen Marakkar & Anila K, School of Legal Studies, Cochin University of Science and Technology
ABSTRACT
The most innovative professional field today may very well be space innovation, which is the result of academic research. It is important to take into account how IP might boost people’s confidence in their creative abilities. To encourage inventors, researchers, and scientists to create future business potential in space technology advancement, there is a need for IPR for outer space. It would attract more people to labour in the area if their intellectual property was protected by adequate IP regulations. There is a pressing need for a legal system that is universally recognized to regulate intellectual property in space activities. Since the 1967 Outer Space Treaty, the 1968 Rescue Agreement, and other similar treaties have previously been ratified by the majority of countries, it would be highly beneficial if the scope of such treaties is expanded to cover intellectual property rights. The paper will discuss the principles and concept of outer space and its relevance to intellectual property and the scope of the principles of ‘Common Heritage of Mankind’ and ‘the Non-appropriation’ and to know what extent the treatises can include the aspect of intellectual property protection.
Keywords: Outer space, Space activities, Intellectual property.
