This legal article discusses the nature of intellectual property rights as an investment and its value. The recent development of intellectual property rights has included it in the scope of investment treaties, making it an attractive investment for states. Firstly, the article discusses the economic value of intellectual property and the difference between intellectual property as an asset and other physical assets. The article then addresses how intellectual property rights issues are reflected in investment agreements. The article provides an overview of Lilly vs. Canada, an investment dispute related to intellectual property. Also, the relationship between international law and domestic legislation in the background of this issue was analyzed. This legal article provides an easy understanding of the issue with examples referring to various bilateral investment treaties.
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