Intellectual Property Is The Legal Term

Answer: Intellectual property is a property that is owned by an individual or an organization which can then choose to share it freely or to control its use in certain ways. It can

C) intellectual property: Intellectual property is any piece of work that you have created yourself using your own intelligence and creativity. Intellectual property is protected by the law by patents, copyright, and trademarks, which protects the property of the holder by giving the

INTELLECTUAL PROPERTY- It is kind of like a patent. The ownership of an idea by the person who came up with that idea is called intellectual property.

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

Abstract: Intellectual property is one phrase that can mean many different and often confusing things. Many eyebrows raise, in fact, at even the mention of the phrase when considering whether or not anyone truly owns their thoughts on the same level as physical property. In order to clarify the definition completely, it is helpful to evaluate intellectual property as it is modernly perceived and advocated within the academic and public sector. This essay will define intellectual property using a peer reviewed article on the subject.

Intellectual property (IP) refers to the creation of something original and then is protected via copyrights, patents or trademarks. If the usage of these creations is breached, for example, usage without consent from the original

The World Intellectual Property Organization (n.d.) states intellectual property refers to creations of the mind. This can include inventions but also includes literary and artistic works, as well as symbols, names and images used in commerce. The World Property Organization (n.d.) categorizes intellectual property into two categories, which are industrial property and copyright. Industrial property includes trademarks, patents for inventions, and industrial designs and geographical indications. Copyright includes music, films, literary and artistic works (World Intellectual Property Organization, n.d.).

Intellectual property is an incredibly complicated facet of the law. In the United States, we have many laws in place to control and limit profiting from others intellectual property. The issue is not only profiting from others intellectual property, but not purchasing the property from the originator as well. We will discuss why it is important to protect this property as well as why it is tremendously difficult to regulate all these safe guards. “Intellectual Property has the shelf life of a banana.” Bill Gates

A copyright is a form of protection provided by the laws of the United States to authors of original works of authorship. “Copyright law in the United States is based on the Copyright Act of 1976, a federal statute that went into effect on January 1, 1978,” according to FindLaw. FindLaw also states that, “Individual states cannot enact their own laws to protect the same rights provided by the Copyright Act. Original multimedia works are protected by Copyright.” Literary, dramatic, musical, artistic and certain other creative works are protected by Copyright Law. “Literary works include novels, nonfiction prose, poetry, newspaper articles and newspapers, magazine articles and magazines, computer software, software documentation and manuals, training manuals, catalogs, brochures, ads (text), and compilations such as business directories. Musical works include songs, advertising jingles, and instrumentals. Plays, operas, and skits are included under dramatic works. Pantomimes and choreographic works include ballets, modern dance, jazz dance, and mine works. Pictorial, graphic and sculptural works include maps, posters, photographs, paintings, drawings, graphic art, display ads, cartoon strips and cartoon characters, stuffed animals, statues, and works of fine art. Motion pictures and other audiovisual works include movies, documentaries, travelogues, training films and videos, television shows, television ads and interactive multimedia works. Included in sound recording are

Before looking at the case I selected and the questions posed in this paper, what is intellectual property? Intellectual property is defined as intangible (not a physical thing, such as an idea) property, the product of human ingenuity, protected by law (Lau, Johnson, Pg. 155, 2001). It is important to have a system in place to be able to register and protect these ideas and intangible property, so that the rightful owners of this property get the proper recognition and possible rewards.

A patent is an exclusive right granted for an invention. Generally speaking, a patent provides the patent owner with the right to decide how - or whether - the invention can be used by others. In exchange for this right, the patent owner makes technical information about the invention publicly available in the published patent document. (1)

Intellectual property is an individual or company asset, which can be expressed and protected in different ways. Lau and Johnson state that IP can be a trade secret, such as a secret

We're all here on this earth using what we have. We've been taught that things we are given are ours solely to use for our own personal use and so we identify that with ownership. For instance when you're born there is a piece of paper created and somewhere along the way someone hands it to you and you believe that's yours. You're told what your name is. It's that is also yours but the thing about it is its intellectual property. It's owned by someone else. Under use of property laws everything created is owned by someone else.

The conceptual framework states that physical practice is not essential to the existence of an asset that is why patent and copyright are regarded as asset if future economic benefits are expected to flow to the entity and if is controlled by the entity. There has aroused a serious problem in defining intangible assets in

Digital intellectual property is the creative, intelligence, and artistic work produced by the creator whose value comes from the ideas, research, skills, and labor he/she put in. Intellectual properties are protected by the copyrights and patent law. Writing code and designing systems can be considered as intellectual property, and they are protected by the copyrights and patent law. However, in the computer software industry, there are some cases where the line between something original or simply copyright infringement is blurred out and the case between Oracle and Google for using JAVA APIs interface in Android is a good example. Google copied code from JAVA, used in their Android mobile platform, and Oracle own JAVA, sued Google for copyrights infringement.