Essay On Tips And Tricks For IP Licensing

copyright: Copyright is a form of the intellectual property that protects the original expression of ideas. It enables creators to manage how their content is used. To prevent misappropriation of copyright and protect benefit of the business.

Protection of intellectual property are investments based on acquired knowledge, thought and effort by one or multiple individuals on behalf of themselves, the business they work for when the property is created, and a financial investment. Each of these – acquired knowledge, thought, physical effort, financial investment – have a value that can be attached as it relates the usefulness or importance of the resulting product. That value will have a level of importance to the individual(s) creating the product and if applicable, the investor providing the funds in support of the creation.

An Introduction to the Law and Economics of Intellectual Property Author(s): Stanley M. Besen and Leo J. Raskind Reviewed work(s): Source: The Journal of Economic Perspectives, Vol. 5, No. 1 (Winter, 1991), pp. 3-27 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/1942699 . Accessed: 24/11/2011 08:39

Intellectual property protects legal rights and ownership in the market place through ‘intellectual property rights’. This can include trademarks, copyright, industrial design and patens. These protect brand names, designs and inventions.

Copyright is the legal right, to an inventor to perform, print, publish, film, or record artistic, literary, or musical material, and to allow others to do the same. Copyright law was developed to provide the creators and inventors of any works with powerful and effective rights of exclusivity over their creations (Patterson & Lindberg, 1991). Over the past, these rights were almost unlimited. People would use existing developments as if they were their own without any regard of the creator’s exclusive rights. The need to balance and limit such rights arose, and governments established these limits for the general good of the public.

Intellectual property is a broad term that is used to refer to the rights that the owner of an invention or an artwork enjoys. An example of intellectual property law is the Trade Related Aspect of Intellectual Property Rights (TRIPs), which gives individual rights such as patent, designs, and trademark. Intellectual property is contained in the Article 2(viii) of the convention, which led the establishment of the World Intellectual Property Organization (WIPO). Literary works, inventions, discoveries, trademarks, and industrial designs are among the rights that are provided in WIPO. Intellectual property in Australia has a strong judicial support.

The World Intellectual Property Organization (n.d.) helps one understand the importance of protecting intellectual property. They have spelled out several reasons of this importance including inventing new works in technology and culture, which allows progress to be made that, can be utilized worldwide. In addition, the legal protection of intellectual property encourages the commitment of additional resources for further modernization. Finally, promoting and protecting intellectual property encourages economic growth. It creates new jobs and industries. Protecting intellectual property also enhances the quality and

Intellectual Property Rights have the right to publish most complete and reliable source information from the time it is discovered the recent developments of the original articles, review articles, case reports, short communications, etc. In all areas of the field and making them freely available through online without any restrictions or any other subscriptions to researchers worldwide. Having copyrights expresses the graphic and who you are it give owners rights to bring forth their work, and to perform your hard work, and to have creative derivative works. However the owners are given economic rights to financially benefit of their work and prohibit others from misusing without the owner’s permission. It is important to realize that copyrights do not protect ideas, only how they're expressed. Here are some examples of Intellectual property drawings, paintings, photographs and sculptures, and architectural designs basically anything that copy

“Intellectual Property” shall mean all patents, designs, utility models, copyrights, know-how, trade secrets, trademarks, service mark, trade dress and any other intellectual property rights, whether registered or not, in or related to the Game or Technical Information.

IP Matter Management provides the essentials and is the gateway to other systems and services. Automation and integration in Inprotech gives firms a competitive advantage by freeing up staff while the system downloads data from national IP offices, imports case details from an Agent or client’s system, or retrieves patent information for Prior Art consideration.

There must be a balance between the developer of the intellectual property and the interest of the public. Intellectual property is already a big business among companies. Expanding the monopolies has the effect of allowing companies to negotiate and cross-licensing technology. Microsoft, as recently reported on the Wall Street Journal, is looking to expand the licensing of its technologies, after successfully licensing some video decoders to open source groups.

“A permission or right offered to a firm or person in a host country to use a home firm’s technology or other knowledge resources in return for payment is known as licensing”. (Johnson & Tellis, 2008: 2). It is mostly useful for

In other countries, the licensing agreement has been bought by a company that in turn oversees all of the licensees domestically (as in Japan).

Licensing may result in a firm’s giving away its know-how to a potential foreign competitor. Firms cannot maximize its profitability, as it does not have strong control over manufacturing, marketing and strategy in a foreign country.

Firstly, with laws to protect intellectual properties, it prevent and stop other companies from commercially using the protected intellectual properties in the marketplace, allowing the owner company to control the usage of their original