The Ethics And Intellectual Property

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

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

An effective system of intellectual property is important in facilitating innovation as well as economic growth within a country and across all its borders (Davidson, Monoti, Wiseman, 2012). The current global economy is concentrating more in the invention of ideas that are original, other than in manufacturing of machines. To enhance and protect these ideas, there ought to be effective intellectual property laws. The government of Australia has prioritized the protection of original ideas from individuals through copyright, patent, and trademarks among other intelligent property laws, which give the inventor a temporary period to enjoy the financial benefits of his or her original idea. The major purposes of intellectual property laws can be contested; therefore, they create areas of interest for

Intellectual Property or Intangible property is defined as bundles of rights with respect to goodwill, trade names, copyrights, patents, trade dress, trade secrets (Jennings, 2006). Riordan

Everywhere we look there is intellectual property. Intellectual property relates to intangible property such as patents, trademarks, copyrights, and trade secrets” (USLegal, n.d.). With all of the intellectual property readily available, online and in print there is no wonder that we as a society have an issue with safe guarding our own intellectual property. In order to protect our intellectual property there have been many laws and or rules established to govern how we handle and safeguard this type of property. These laws are found at both state and federal levels and are different between states. In a similar fashion, laws vary between countries as well.

Technology enriches our society by making widely available new and useful goods, services, and technical information . Clearly, as a society, we would want to encourage the development of technology so that we can reap the benefits they offer us. Innovators require an incentive to invent and share these technologies with the rest of society. This incentive is achieved by granting intellectual property rights (IPR) to inventors . More specifically, the incentive is usually achieved by granting patents to inventors .

Before college, when I heard about lawyers I only ever thought of one thing, the bar exam, and how awful it must be to prepare and take such a test. Now, moving steadily through the senior year of my undergraduate degree, my aspirations are quite different than what they were before college. With my changing goals, being a lawyer is now a profession that I wish to be a part of in the not too distant future. Specifically, I am aspiring to work in Intellectual Property Law. This form of law deals with protecting tangible and intangible creations of clients. These tangible and intangible creations range from inventions to symbols and often require being an expert in specific fields, such as industries, the arts, or science (Wilson, 2016).

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

Chapter eight of Ethics and Technology: Controversies, Questions, and Strategies for Ethical Computing by Herman T. Tavani is about intellectual property disputes. Tavani defines intellectual property as an intangible form of property that is protected by a system of laws through which authors and inventors are given ownership rights over their creative works and inventions. There are four legal frameworks for protecting intellectual property. The first of these is copyright laws. Copyright laws protect authors. An author can also be an individual or an entity such as an organization or corporation. The first United States copyright law was created in 1790 and protected books, maps, and charts. As newer forms of media were developed, copy right protection has extended to them also. In 1980 copyright laws were amended to include computers, programs and databases that exhibit authorship. In order for something to be protected with copyright laws it must be original, nonfunctional, and also fixed in a tangible medium. The second legal framework is patents which protects individuals who create an invention or process. Patent laws require that inventions be useful, novel, and nonobvious. The third legal framework is trademarks. A trademark is a word, name, phrase or symbol that identifies a product or service. To qualify for a trademark the mark should be distinctive. The last legal framework for protection is a trade secret. A trade secret is highly valuable

Intellectual property is any idea, book, e-book (an electronic version of a book), song, video, or movie that belongs to a creator or others that bought the right to use or copy

Intellectual Property or IP is a representation of creations of the mind, or something that can be legally owned, Intellectual Property allows protection through patents, trademarks, copyright, designs, circuit layouts and plant breeder’s rights. Almost any business can have some form of intellectual property that they need to protect.

When discussing a creation or idea, the creator of such concept must be rewarded. This must be the case for any situation. For most cases this is true, but because the ownership of such properties bring financial benefits, and or settlements, regulations will continue to challenge what is right or wrong when dealing with intellectual property. This is accurate for many industries, field, and markets. The owner ship of intellectual properties can take a creation or idea worldwide, the profits from such invention can be endless. This concept is what will push a persons or organizational ethical principles to its limits. With that in mind, such characters will do whatever it takes to gain rights to intellectual property. Another very important opinion for this subject is how long must the duration of intellectual properties last? The longer the patentee holds on to the idea, the more they will benefit. This is where such believes creates issues for its particular market. Many individuals and organizations find that such believes are unethical. Many believe that creations or inventions must be shared with everyone. Such groups want ideas and creation to be enjoyed by everyone, a public domain (Lau & Johnson, 2014). There are many parties that stand firm behind this idea, especially when dealing with items or inventions that can benefit or help the people. An example of such inventions or ideas are the creations of new medicines or medications.

“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.

The term intellectual property refers to the innovations of the human mind. Intellectual property rights protect the interests of these innovators by giving them property rights attached to those ideas. The term "intellectual property rights" stands for these legal rights that authors, inventors, and other creators have. Intellectual property laws relate to a particular way in which ideas or information is expressed or displayed, but not the actual ideas or exact concept itself. The first use of the expression "intellectual property" appears to be October 1845, in Davoll vs. Brown, a patent case in Massachusetts. Justice Charles Woodbury said that "only in this way can we protect