In order to protect our property from thieves we put locks on our doors and signaling systems in our houses. Unfortunately, the owners of the small businesses sometimes forget that their ideas, business and marketing strategies, are often of more value than stereo systems, TV sets and PCs locked in their homes…
Erik Sherman in his article in The Chief Executive states that securing intellectual property is the only way to stay on the rapidly developing marketplace these days. The companies that do not have time or money for licensing their inventions end up bankrupts very soon nowadays, as the ideas that are not patented or copyrighted are soon plagiarized by the competitors, who spare neither trouble nor expense to get the legal rights on the invention. Thus, in some time, the company may even be sued for using its own invention.
In addition, selling the rights to use the intellectual property may become a very good source of profit, especially for the small companies. The Ambient Devices, a company, producing consumer electronics can be brought as an example here, as today it gets 15% of its income just from granting other companies the rights to use its intellectual property, and the managers hope that in the next year this number may grow to the 50%.
Andrea. L. Foster, the author of Who Should Own Science emphasizes the importance of sharing the scientific and technology data in order to make the research process more effective. Unfortunately, he forgets about thousands of companies who build their business and research strategies grounding on the existing system of licensing the intellectual property. ...
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(Intellectual Property Essay Example | Topics and Well Written Essays - 500 Words)
“Intellectual Property Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.net/law/297628-intellectual-property.
A creative piece of work (i.e. music, art, writing, film, or computer software) always belongs to its creator. Additionally, these creative works, ideas, expressions and inventions are very precious for their inventors and must be protected however these ideas or thoughts are not known as intellectual property.
Digital technology developers make peer-to-peer networks,which enable people to obtain the same works without paying.Acquiring the works with this method is similar to stealing,as per copyright law,hence it is must to reaffirm,and even extend,copyright law to criminalise the use of networkers who copy others’ work.
Intellectual property is an idea, emotion, or any asset that an employee creates for his or her company. An intellectual property does not belong to the person who invents it; rather it actually belongs to the company for which that person creates that property.
Copyright, trademark, and patent are the three most recognized forms of intellectual property (Schwabach 55-60). Since the invention of internet, communication between individuals improved through the cyber space. This step improved the mode of doing things, but it created an avenue for people to misuse the intellectual property that led to the introduction and implementation of cyber law to regulate and govern these activities (Kumar 111).
At the same time, the Internet opens up many opportunities for the unauthorized use of intellectual property. In particular, intellectual property may be copied for relatively low costs and distributed over several states simultaneously. International intellectual property protection laws have attempted to strike a fair balance between the sharing of information and knowledge and the rights of authors of intellectual property to benefit from their labour and creativity.
Name Instructor Course Date Lew, Julian D.M. Final Report on Intellectual Property Disputes and Arbitration. The ICC International Court of Arbitration Bulletin, Vol.9, No.1, 2012, July, pp. 37-95 Intellectual Property Intellectual property rights have increasingly been a thing of debate considering the fact that many people are embracing technology to come up with new developments in the society.
Examples of industries that may require intellectual property protection include: Writers, film making, artists, musicians, pharmaceutical, computer software designing, web developers, telecommunications and so on. A company may sue another company working
Copyright Law patented in the UK from a common law concept; the statute of Anne, and turned out to be legislative with the passing of the Copyright Act of 1988 (Litman, 2001). However, the current right is the Copyright, Designs, and patent Act of