The Intellectual Property Rights Of The North American Country

Intellectual Property law manages the guidelines for securing and authorizing legitimate rights to developments, outlines, and imaginative works. Pretty much as the law secures responsibility for property and land, so too does it ensure the restrictive control of elusive resources. The reason for these laws is to give a motivator for individuals to create inventive works that advantage society, by guaranteeing they can benefit from their works without apprehension of misappropriation by others.

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

Copyrights are more limited in scope than patents. They protect the original works of authorship, not the ideas they contain. In the United States, original works include literary, drama, musical, artistic, and certain other intellectual works. A computer program, for example, is considered a literary work and is protected by copyright. A copyright gives its owner the exclusive right to reproduce and distribute the material or perform or display it publicly. However, copyright law does permit limited reproduction of copyrighted works without the owner 's permission for “fair use” such as criticism, teaching, and news reporting. In the United States, a published work must have a copyright notice, the name

A patent gives the authority to deny people the right to use, make or sell the invention. You can only patent an invention if it is completely new and not an adaption of an invention already present in the market, and if it can be made or used.

Intellectual property rights grant negative rights to the owner of such rights. Intellectual property is intangible property which serves to safeguard the interest of the owners from infringement. Intellectual property rights are deemed to confer negative rights because render to the owner the right to prevent others from using or exploiting his/ her property. There are basically four types of intellectual property, patents, trademarks, designs and copyright (Harvey, 2009).

Intellectual property laws help protect users works that they have created from being copied by others. There are different types of laws to protect in different way such as copyright laws to will protect ones work from being copied or others from profiting from it. We also have trademarks used for branding items such as brand names or logos and receive different levels of protection depending on where, how known the brand is, and what type of product or service it represents. Other types of laws that cover intellectual property are patent laws that cover products to be made and that are currently being made; Apple holds the patent for an iPhone so no one can go and make iPhones and sell them other than Apple.

property laws such as trade mark or patent laws and even standard copyright laws. These things are

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.) 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

What is intellectual property? Intellectual property or IP for short is creations of the mind, such as; inventions, literary and artistic works, designs and symbols, names and images used in commerce. Among these IP also includes trade secrets, patents, copyrights, and trademarks. IP and its protection are detrimental to the success of the economy. IPs are the innovations that drive the market forward and they are what created eras like the renaissance and the industrial revolutions. But nowadays it is a lot easier to steal one 's idea and pass it on as your own. There lays a major problem that the United State and many countries around the world face. Over $300 billion have been lost due to the theft of IPs from the U.S. per year.

Intellectual property is the main elements for economic growth and national competitiveness. President Obama mentioned that the United States of America must support intellectual property rights to be successful in an increasingly competitive international market which help the American people to meet their goals. It clearly shows that supporting of intellectual property by government completely related to economy because it has a direct relationship with innovation which is the main buddy in economy, and its benefits will effect to every single industries. In addition, Intellectual property is not just the final product of workers and companies but also it has positive effects to innovation of products, supplies, and commercial activities (U.S. Patent and Tred mark office 2012).

In 2015, the United States Copyright Office approved almost 500,000 claims and processed over one million copyright petitions. Copyright law protects authors’ intellectual property rights. The United States legislature has considered intellectual property protection since the Constitution’s penning. As the publishing world changes so do the laws protecting published works. As copyright law changes with time it grows more complex. Consequently, copyright litigation takes place frequently in the United States.

Copyright law originated with the United States Constitution. In Article I, Section 8, the United States Constitution states that “Congress shall have the power to promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective wrights and discoveries” (Purdue). Copyright is a federal law. Copyright laws protect published works by preventing original materials from being used or copied without the creator’s permission. These protections extend to copying, adapting, publishing, communicating, and publicly performing protected literary, dramatic, musical, or artistic works. Today, the laws are located in

In the global business arena the concept of intellectual property has drawn much more attention now than there before, globally the protection of intellectual property is at a dynamic stage, the international cooperation on science and technology and the development of economy and trade, the legal protection of intellectual property is playing a significant role in society. According to the World Intellectual Property Organization (WIPO) intellectual property refers to the creations of human minds which include among others, inventions, literal and other artistic works, symbols and names and designs used in commerce (WIPO, 2002).