Intellectual Property Law And The Outer Space: A Promising Future Ahead?

INTRODUCTION

Technological advancements in the field of outer space, for the purpose of exploring an extra-terrestrial environment, studying and using it, is not a new concept. However, questions of Intellectual Property Rights governing these advancements have been brought to the fore relatively recently owing to the fact that these developments have become more of a private or commercial affair rather than a state run activity. Protection of one's innovation is imperative to their success. With the world understanding the importance of such safeguards, the demand for it has risen exponentially.

OUTER SPACE AND INTELLECTUAL PROPERTY LAWS

Outer space (often referred to as space) consists of a region of universe beyond the upper layers of the atmosphere of Earth.. The term is commonly used to distinguish it from airspace and territorial locations. However, the Fédération Aéronautique Internationale has established the Kármán line, at an altitude of about 100 km