Removing IP laws does not necessarily make research unprofitable. Secrets can still be kept in until the point of release. And even if your competitors copy you, you still have a first mover advantage, and more time to improve your product
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What if you outsource production to China and the sister company copies the product without having to pay for your R&D?
IP is more than patents, it's also trademarks. If I try to imagine a world without trademarks, the picture in my head seems pretty chaotic, poor little me second-guessing every product at the grocery store.
Your fault for trusting them without a written, signed, and enforced contract and without purchasing insurance or securing an arbitrator to compensate you for violation of the contract.