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Ethics Intellectual Property

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Ethics and Intellectual Property
Intellectual property (IP) is the meant to protect the creations of the mind, such as inventions for trademarks (sign, design or expression), patents (mechanics, pharmaceuticals, and chemistry), and copyrights (books) used in commerce. By definition it is an intangible property, the product of human ingenuity, protected by law (Johnson & Lau, 2011). Intellectual property needs to be protected for the consumer and for the industries competitiveness. The government and the federal laws can protect intellectual property. The regulations for intellectual property may be far fetching, but they are there for valid reasons. There needs to be a proper balance between content producers and the public good. Those …show more content…

One reason is for inventors and corporations to have an advantage over another company. The products and ideas need to be protected from duplication from competing businesses and inventors (GIPC, 2009). Intellectual property motivates economic growth and creates competitiveness in people and business (GIPC, 2009). In this day and age people are always looking for the next best thing and if anyone was able to create the identical item as another company then there would be a rush to market on many items that are the same and there would be less need for protection. In reality this can also create jobs and grow a local community that recently fell on hard times (GIPC, 2009). The protection of intellectual property rights help purchasers in making well-rounded and knowledgeable decisions on the products safety, reliability, and effectiveness of their purchases (GIPC, …show more content…

When these regulations were first set they was no cell phones, Internet, digital media, and computer chips in cars. With arguments being made about the ability to resell books that someone has purchased overseas, it is infringing on the right to sell for the publisher (Reynolds, 2013). If a person purchases a car and they want to perform the maintenance on the vehicle it can make the warranty on the vehicle void, as the person has potentially encrypted the computer data in the system (Reynolds, 2013). A person placed a patent on the process of unlocking cell phones, so every time someone unlocks the device they are potentially breaking the law of the patent (Reynolds, 2013). There is a world of people that think if great ideas, but does that make it ok for someone to trademark a phrase that many people use, I do not think

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