The Pros And Cons Of Intellectual Property

The Organization for Economic Cooperation and Development (OECD) defines anti-competitive practices as the many ways firms restrict inter-firm competition to maintain or to increase their relative market position and profits without necessarily providing goods and services at a lower price or at a higher quality. The American Federal Trade Commission states that anti-competitive practices include activities such as price fixing, group boycotts and exclusionary exclusive dealings. These activities are generally grouped as agreements between competitors (horizontal conduct) and monopolization (single firm conduct).

This paper will discuss the protection of intellectual property. It will tell how intellectual property is protected and why it is important to protect. It will also discuss ethical issues that arise in dealing with protecting intellectual property and whether or not protections can go" too far".

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.

Intellectual property is described as a person’s ideas, inventions, or works that become their property. The owner of this property then has rights to the property. These rights protect the products of human intelligence and creativity. These rights have been categorized into three subjects: patents, trademarks, and copyrights. Each of these three categories have their own set of laws and policies. Each policy is set into place for specific reasons to protect the owner’s and their intellectual property from being subjected to intellectual property theft. IP theft is a growing industry of thieves that is becoming a much easier task since the invention of the internet.

inventor the right to rent, hire, or sell his invention. In the science community gene

After spending hours, days, months, even years on a piece of art one thing artist wish to secure is their claim on the piece. If you pour you're heart and soul into your art and then someone comes and takes it for their own personal gain without giving you recognition it can feel as if your world is crumbling. This issue saw the formation of laws that protected the creators right to their ideas. However these laws although protecting the ownership of ones own invention can at the same time hinder an others. As Thomas Edison had formed a monopoly of his technologies through "trusts". Many film makers felt stifled by the monopoly, not everyone could afford to buy a licence. Although Edison had his right to the technologies acknowledged he was

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

Intellectual property represents ideas created by minds of humans that require certain rights for their use. Intellectual property gives companies a competitive advantage and attracts the attention of other business partners and investors (Lee, 2016). With such importance, it is necessary for the law to protect these ideas from being used by unauthorized individuals. To shield from this, trade secrets, patents, and copyrights are used to protect the ownership of intellectual property (Legal Information Institute).

Intellectual property rights are a bundle of exclusive legal rights over creations of the mind, both artistic and commercial. These rights give statutory expression to the moral and economic rights of creators in their creations. Intellectual property rights safeguard creators and other producers of intellectual goods and services by granting them certain time limited rights to control the use made of those productions. These rights also promote creativity and the dissemination and application of its results and encourage fair trading, which also contributes to economic and social development. . With the wave of globalisation emerged a need of uniform intellectual property laws all over the world. To achieve this aim WTO stepped in through

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).

The intellectual property battle in the United States is first addressed in the supreme law of the land, the U.S. Constitution. The Constitution states that (the copyright clauses inclusion is) “To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries” (U.S. Const. art. I, § 8, cl. 8). This once again points at the fact that while human beings may feel that they have ideas that can better society, they may be reluctant to do so if they are not rewarded for these ideas in some form or fashion. The aforementioned

Situations occur where property rights’ dispute is not clear or personal or business gain can influence ethical decisions. Law establishes standards to mediate disagreement on rights to property. An item found can belong to the finder, the property owner where the item was found, or the responsibility of the authorities. Intrinsic value and sentimental value are not equivalent to profitability valuation. Law establishes limits to prevent property use beneficial to one from infringing harm to another. Specific examples establish necessity for a level of governance.

‘Property’ is a general term for the rules that govern people's access to and control of things like land, natural resources, the means of production, manufactured goods, and also (on some accounts) texts, ideas, inventions, and other intellectual products. Disagreements about their use are likely to be serious because resource-use matters to people such as John Locke or Karl Marx. The concept of private property has been widely explored and debated among scholars; private property is a legal designation for the ownership of property by non-governmental legal entities. For John Locke and Karl Marx the debate always begins with the definition of private property as natural and if embedded with labor becomes much more productive and valuable.

Intellectual property is described in most cases as an almost endless variety of property created by authors, artists, and inventors. The law of intellectual property typically encompasses the areas of Copyrights, patents, and trademark laws. It is intended to encourage the development of science, art, and information by allowing certain property rights to all. These rights allow everyone to protect themselves from unauthorized use of their creations. Trademarks and service marks protect unique features of their creations that are associated with certain services or products.

The increasing acceptance of the intellectual property laws by the public culture is somehow related to the ideals of property, control and fear that the benefits from resources out of control may not be significant.