Page 38 - Management Digest Udyama Vol 1 Isuue 2

Intellectual

Property

Regimes in

Software

Industry

and Trends

in Software

Licensing

Prof. D.A.I. Dayaratne Ms. A.W.G.C.N Wijethunga
Department of Lecturer
Accountancy and Finance Department of
Faculty of Management Accountancy and Finance
Studies Faculty of Management
Sabaragamuwa University Studies
of Sri Lanka Sabaragamuwa University
of Sri Lanka

In the 21st century, the knowledge developments take the lead. As programs expensively. The
is regarded as the most valuable revealed by World Intellectual software programs facilitate the
asset, which invariably generates Property Organization (WIPO) in functionality of such devices to
enormous value for the the recent past, more intellectual a greater extent. The magnitude
economies in the world. In the property (IP) applications on of contemporary development in
global innovation landscape, it software have been intensively the ICT field is well exemplified
seems grammatic advancement filled in the world across by the most valuable technology-
in innovation in the field of jurisdictions and regions. In the based brands in the world,
Information Communication current ICT-driven society, people namely, Apple, Amazon, Google,
Technology (ICT) and tend to use electronic devices and Microsoft. These companies
exceptionally software program embedded with software have made tremendous

36 September 2021