This website uses cookies to ensure you have the best experience. Learn more

Overview Of Intellectual Property Essay

2018 words - 8 pages

Intellectual Property

Table of Contents

Overview of Intellectual Property 3
Types of Intellectual Property Rights 3
Industrial property 4
Copyright 5
Controversy of Intellectual Property 5
Intellectual Property in the Digital Age 7
No Electronic Theft Act 9
Digital Millennium Copyright Act of 1998 9
Case Study Involving Intellectual Property – Domain Names 9
Conclusion 11

Overview of Intellectual Property
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 intellectual property, the labors of the mind, productions and interests as much a man's the wheat he cultivates, or the flocks he rears." Though coined many years prior, the term has only become popular very recently. It was uncommon to hear the expression until the establishment of the World Intellectual Property Organization in 1967, which then actively promoted the term.

Types of Intellectual Property Rights
There are currently many different ways to protect intellectual property. Intellectual property is divided into two main categories: industrial property, which includes patents, trademarks, industrial designs, and geographical indication; and copyright.

Industrial property
Patent: This is an exclusive right granted for an invention, a plant, or an appearance. A patent provides protection to the owner of the patent for a limited period, typically 20 years from the filing date of a patent application. There are several types of patents:
Utility Patents cover “inventions”, which can be a product, a process that presents a different way of accomplishing something, or provides a new technical solution to a problem.
Plant Patents can be approved for the invention or discovery, and the asexual reproduction of, a new variety of a plant, especially if genetic engineering is used.
Design Patents refer to a protected appearance of a device, but not its function.
Trademark: Many times referred to as a brand name, this is any distinctive sign that identifies certain goods or services provided. This can also be a sound or a fragrance, as well as the appearance or logo of a product. A trademark can usually be renewed indefinitely.
Industrial Design: This right protects the form of appearance, style or design of an industrial or handicraft object, and it provides protection for up to 15 years.
Geographical Indication: A...

Find Another Essay On Overview Of Intellectual Property

Intellectual Property The state of Intellectual Property Law and the current debate in modern society

1836 words - 7 pages Intellectual property refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.Intellectual property is divided into two categories: Industrial property, which includes inventions (patents), trademarks, industrial designs, and geographic indications of source; and Copyright, which includes literary and artistic works such as novels, poems and plays, films, musical works

Implementation of Intellectual Property Right: Multiple parties’ Responsibility

2200 words - 9 pages How important is an intellectual property right (IPR)? IPR protects the creator or inventor’s benefits, so that it stimulates the interest of innovation. According to United States Patent and Trademark Office (USPTO), the number of patent application has been increased over 450% from 1980 to 2010. It shows that people now are more concern about copyright issues. Although owners have the patent application, the violating of copyrights and

Intellectual Property and the Future of the Music Industry

2464 words - 10 pages Corruption, Conscience, and Copyright: The Current State of Intellectual Property and the Future of the Music Industry “Today’s pirates operate not on the high seas but on the Internet, in illegal CD factories, distribution centers, and on the street. The pirate’s credo is still the same--why pay for it when it’s so easy to steal? The credo is as wrong as it ever was. Stealing is still illegal, unethical, and all too frequent in today’s

Legal Analysis of Intellectual Property Rights in the Character 'Guthi'

763 words - 4 pages LEGAL ANALYSIS OF INTELLECTUAL PROPERTY RIGHTS IN THE CHARACTER ‘GUTHI’ “A certain artist and a stand-up comedian associated with the programme Comedy Nights With Kapil aired on Colors television channel is planning to launch or be associated with other shows. Take notice that Viacom18 has sole, exclusive, absolute and unlimited ownership rights of all the intellectual property rights of the artist associated with the programme including the

America's Inventive Spirit: Focus on the different types of intellectual property and the impact of counterfeit and thief of intellectual property has on our economy

2844 words - 11 pages Today, America's inventive spirit is one of our most treasured and envied assets. Every year, millions of Americans create original works - books, music, research and other forms of creative expression. All of these creations are intellectual property. Throughout history, inventions have helped people discover new worlds, build communities, develop resources, increase productivity, cure diseases, ease burdens, and enjoy life to the fullest. U.S

Controlling the Intellectual Property of Medicine and Drugs Through the Power of Patenting

2157 words - 9 pages Controlling the Intellectual Property of Medicine and Drugs Through the Power of Patenting Remember when you were a child and you went over to play at your friend's house? When you were in his or her room and you saw that perfect Barbie doll outfit; that perfect little toy car that you've always wanted ever since you were five but your mother couldn't afford it. The toy that you felt you desperately needed. Remember the

A Brief Overview of Intellectual Capital and Analysis of the Edvinsson/Malone Framework

3155 words - 13 pages A Brief Overview of Intellectual Capital and Analysis of the Edvinsson/Malone Framework Introduction Accounting is a science based on observation. As companies change, the way accountants observe companies must change. Traditional balance sheets, income statements, and statement of cash flows no longer adequately describe a company due to the rapid growth of knowledge-based companies, especially in technological sectors. The Internet

Intellectual Property Rights (IPR) Approaches to the Protecting of Traditional Knowledge: Policy Options and Directions for the LDCs like Bangladesh

981 words - 4 pages In November 2013, the Government of Bangladesh (GoB) adopted the special sui-generis Geographical Indicative Products (Registration and Protection) Act to establish intellectual property rights on the products which are originated from specific geographic region of Bangladesh. The purpose of the GI act is to promote socio-economic development of local communities associated with the cultivation and production of GI products. Since the inaction

'Intellectual property rights represent one of the most valuable commercial assets in modern society. But also one of the most problematic for a company to protect.' Discuss

2723 words - 11 pages Intellectual property is an area of law, "which allows people to own their creativity and innovation in the same way that they can own physical property." Intellectual property rights provide people with control over ideas or information embodied in a valuable form of protection. It plays a major part in our modern business environment and becomes an increasingly valuable asset for establishing competitive advantage in all types of business

Hackers are thieves who fail to comprehend and respect the rights of intellectual property owners and corporations. Argue for or against this statement

2441 words - 10 pages exploitation and fall of existing media industries. The movie industry is currently embroiled in a seemingly losing battle to maintain its sovereignty over its intellectual property, in an attempt to come out less damaged than the music industry. The music industry has been taking its punches ever since the Napster application was released several years ago. With the continued release of newer P2P applications every so often, album sales have plummeted

Intellectual Property

1129 words - 5 pages . Intellectual property rights focus on the trade of the intellectual work in public policy, furthermore it is intended to balance the motivation to innovate and the diffusion of it, such that the costs are not higher than the benefits of those innovations. (Overview. 1) It is very common nowadays to speak of an "information society'' in which control of information or information based knowledge has replaced control over matter as an ultimate source

Similar Essays

Importance Of Intellectual Property Rights Essay

941 words - 4 pages Ethics and Intellectual Property Introduction Intellectual property, also known as IP, is an intangible asset that is the product of human creativeness and is also protected by the law. It was not until the later part of the twentieth century that intellectual property laws were necessary. Our world becomes more technologically savvy every day. While technology is becoming a big part of our lives, companies that produce these intangible assets

Illegal Downloading Of Music And Intellectual Property

1365 words - 5 pages information superhighway changed the whole perspective of the landscape by completely breaking down the distribution system already put in place. Intellectual property is the most questioned part of the recent changes in the digital age involving the music industry. Intellectual property is Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in

Internet Piracy: Theft Of Intellectual Property

1757 words - 7 pages Piracy is a form of theft. Specifically, it refers to the unauthorized copying or use of intellectual property. Intellectual property is knowledge or expression that is owned by someone. There are three major types of intellectual property: 1) creative works, including music, written material, movies, and software, which are protected by copyright law; 2) inventions, which are protected by patent law; and 3) brand-name products, which are

The Three Pillars Of Intellectual Property

822 words - 3 pages The three pillars of intellectual property are the structural capital, human capital and the relational capital. Structural Capital The structural capital has been defined as supportive infrastructure, processes and databases of an organization which enables the human capital to function. It is usually subdivided into organizational, process and innovation capital. In any educational institution, the organizational capital, which is the