Ethics and Intellectual Property

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Ethics and Intellectual Property
“Intellectual property refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce” (United States Patent and Trademark Office, 2013). There are many ethical issues that have arisen in the business world today pertaining to intellectual property. Some people may not think that it is important to protect intellectual property however, the United States Patent and Trademark Office (USPTO) does just that. “Intellectual property is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create” (United States Patent and Trademark Office). Protecting trademarks and logos is important, as these things are rightfully owned by the person or company which created them. Many companies are known by their intellectual property, such as symbols, names and logos. It can also be very costly to have these artistic logos created, making it more frustrating when someone chooses to copy or ‘steal’ the logo and use it as their own.
Ethical Issues
Businesses generally have attorneys to represent them or advise them on business law, and to read documentation to ensure there are no legal issues. There can be ethical issues when consulting with an attorney who represents another business that may have similar intellectual property as another business. In the licensing journal, it

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