No. The legal rules are mostly negotiated through contracts...but also social, cultural, and commercial economic norms.
The key lesson for policy-makers is to not presume that everybody wants to manage their IP in the same way. There are some very clever and sophisticated things the private sector is doing to work around the inefficiencies in the system. The key thing the government can do is provide awareness, training, and research to support the private sector to better manage their intellectual property rights.