Innovation Law
/ɪnəˈveɪʃən lɔː/
Definitions
- (n.) The body of law governing the creation, protection, and commercialization of new ideas, technologies, and processes.
Innovation law plays a critical role in safeguarding intellectual property rights for tech startups.
- (n.) Legal frameworks and policies that encourage research and development and the diffusion of new technologies.
Governments use innovation law to foster economic growth through incentives and regulation.
Related terms
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Commentary
Innovation law is interdisciplinary and often overlaps with intellectual property and technology regulation; drafters should clearly delineate scope when addressing specific innovation aspects.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.