Essay on intellectual property copyrights

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.

The duration of copyright determines the length of protection. Limitations on this length exist to ensure works enter the public domain. Therefore, the length of protection is one of the most relevant and debated issues regarding copyright law. The proponents and opponents of copyright term extension make compelling arguments, but both sides agree that copyright law should encourage creativity and innovation. If Disney is successful in once again lobbying for an extension of duration, a substantial number of works will fail to enter the public domain in a timely manner. This will, consequently, lead to a stifling of creativity and a suppression of innovation that could be detrimental to progress in the realms of science and the useful arts.

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

Intellectual property protects legal rights and ownership in the market place through ‘intellectual property rights’. This can include trademarks, copyright, industrial design and patens. These protect brand names, designs and inventions.

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

2.4 Discuss Rights and Implications of Copyright Law - the law gives right to the producers to edit the Work and all versions of the work. The law will also protect unpublished and published work.

The era of cable television reaches its final breath. Digital media begins flourishing. Online communities and social media reign over, spoiling our fingers with content of all calibers. The internet is causing a change so radical that legal matters are still catching up with it. As the Founding Fathers intended, effective law should include creating law adapts to society’s changes. However, change hasn’t occurred yet. The American copyright law only gets more controversial as it butts its way in. There is now a three-way skirmish between creators, large corporations and legislature for a simple reason. It is preventing creative freedom and distribution of content online. The American copyright law is ironically limiting much of this generation’s creativity by preventing exposure, criminalizing the wrong people and letting others take advantages of its own loopholes.

The second form of intellectual property that must be implemented is Patent. We must protect

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).

Identify and discuss these copyright challenges in the modern digital economy using examples from case law.

The rise of the Internet era opened the whole new market for traditional media full of opportunities as well as threats. Online piracy being one of them because the music and film industry loses £5.4bn in a year and if it was reduced by 10% it could have created up to 13 thousand jobs in the UK. There are various attempts taken to fight with online piracy; a case study of Anti-Counterfeiting Trade Agreement will be considered as well as other legislations attempting to regulate copyrights in the Internet. This

Those of us who care about continuing the copyright tradition that regards public access to information as the principal goal of the law are faced with the hard task of searching for and exploring middle-ground scenarios wherein author/publisher interests in receiving compensation can be balanced with user/library interests in having access to information on fair and reasonable terms. Finding and implementing such a balance is all the more challenging in view of the messianic fervor that the Green Paper has engendered in the publishing industry. As we search for middle grounds, it may help to realize new technologies have been disrupting existing equilibria for centuries, yet balanced solutions have been found before. The printing press disrupted the equilibrium of its day. When the first legal regulation of printing proved imbalanced, legislative adjustments achieved a public policy balance that has lasted for a considerable period of time. While the history of copyright reveals many examples of disruptions caused by new technology and the construction of new balanced equilibria, one relatively recent instructive example is that of the cable television industry. When cable technology made it possible to transmit television programming to cable subscribers, owners of programming copyrights sought to stop this retransmission, saying it would be their ruination. Courts, however, found no copyright infringement, saying that passive retransmissions of signals were not “public

Copyright infringement is the unauthorized use of copyrighted material in a manner that violates one of the copyright owner's exclusive rights, such as the right to reproduce or perform the copyrighted work, or to make derivative works that build upon it.