Intellectual property rights-and the enforcement of them through the federal government-has caused much debate throughout the years.The system purportedly creates a balance between producers and consumers, and encourages innovation that would not otherwise occur. How is intellectual property rights are protected by the U.S. federal government? What is the balance struck between producers and consumers in the current IP system? Please state and explain your opinion on whether you think innovation requires a robust IP system or whether the IP system actually chills innovation.