Intellectual Property The Creation of a Mind - 1157 Words

Intellectual property (IP) is defined as the exclusive right which is recognized legally as creation of a mind (Greenhalgh Rogers, 2010). Under the law that guides issues of intellectual property, owners are granted specific exclusive rights to various types of tangible assets such as literary, musical, discovery, and artistic works as well as phrases, inventions, words, designs, and symbols (Greenhalgh Rogers, 2010). The various types of intellectual property rights which are granted to individuals include trademarks, industrial design, patents, copyright, trade dress, and trade secrets (Greenhalgh Rogers, 2010). Trademark is an intellectual property that grants an individual the exclusive rights to a certain product (Greenhalgh Rogers, 2010). It is a recognizable expression, design, or sign which distinguishes services or products of a particular company from similar services or products of other traders (Greenhalgh Rogers, 2010). Industrial designs are intellectual property rights that protect the object design which is not purely utilitarian (Greenhalgh Rogers, 2010). It consists of creation of composition, configuration, or shape of color or pattern, or combination of color and pattern containing aesthetic value in a three-dimensional form (Greenhalgh Rogers, 2010). A patent is a form of intellectual property that grants an inventor exclusive rights to exclude others from selling, using, making, importing or selling an invention for a givenShow MoreRelatedIntellectual Property Law Are Legal Rights For The Creation Of Mind2484 Words   |  10 PagesMid-term Answers Ans 1. Intellectual property law are legal rights for the creation of mind. It provide rights to the person against illegal use of his copyrighted material by third party. Owner of artistic material like music, painting, apps or design of materials to claim his right over the property and sue the claiming party legally. Examples of Intellectual property right are as follows: 1) Copying music using cd writers: It has been observed that people copy music Cd’s and Dvd’s to watch itRead MoreIntellectual Property Rights : An Analytical Study Essay998 Words   |  4 PagesINTELLECTUAL PROPERTY RIGHTS – AN ANALYTICAL STUDY IN THE INDIAN CONTEXT Abstract Intellectual property rights are the rights given to persons over the creations of their minds. These rights make the creator/ inventor as the owner of the product/work. IP protection is intended to stimulate the creativity of the human mind for the benefit of all by ensuring that the advantages derived from exploiting a creation benefit the creator. This will encourage creative activity and allow investors in researchRead MoreIntellectual Property Rights And Digital Pirating1364 Words   |  6 PagesINTELLECTUAL PROPERTY RIGHTS AND DIGITAL PIRATING Luke Telfer STATEMENT OF THE ISSUE The idea of intellectual property can be traced back to ancient Greece with the first known reference involving the protection of culinary recipes developed by chefs. According to the World Intellectual Property Organization, â€Å"intellectual property refers to creations of the mind: inventions; literary and artistic works; and symbols, names and images used in commerce.† The violation of intellectual property rightsRead MoreTechnology Is What Defines The World Today And Tomorrow1585 Words   |  7 Pagesconsideration here is in the intellectual part of the technology. Computers are used to carry out work, assignments, and many other things. Games are played online by the young generation. In this era of technology, where various regions of the world can access internet, intellectual property faces an immense problem. Rules of intellectual property are justified in this era of technology. Intellectual Property (IP) refers to the protection of creations of the mind, which have both a moral andRead MoreTechnology Is What Defines The World Today And Tomorrow1585 Words   |  7 Pagesthe consideration here is in the intellectual part of the technology. Computers are used to carry out work, assignments, and many other things. Games are played online by the young generation. In this era of technology, where various regions of the world can access internet, intellectual property faces an immense problem. Rules of intellectual property are justified in this era of technology. Intellectual Property (IP) refers to the protection of creations of the mind, which have both a moral and aRead MoreEthics And Intellectual Property Of Intellectual Properties1217 Words   |  5 PagesEthics and Intellectual Property 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 ideaRead MoreThe Economic Relations Between The Common People And Revenue Gaining People1596 Words   |  7 Pages one side is burdened with numerous problems and suffer economic inflictions continuously, while the other sides prospers and benefits, becoming even more powerful. Much like there being two sides to legal cases, the matter of patents and intellectual property is an issue that also garners the views of scholars and others. It is rarely that one would find both sides of an issue benefiting from the arrangement , verdict and outcome. In some cases, no party benefits because they both cause potentialRead MoreCopyright Law Protects Functional Products, Processes, And Designs1315 Words   |  6 Pages Introduction â€Å"Intellectual Property†(IP) provides an intangible property rights protecting a product or creations, and regulates the uses of different sorts of ideas and insignia such as industrial design, literature, and artistic works inclusive of symbols, names and images. It is enforced by means of patented inventions, copyrights and trademarks where each protects distinct subject matter and promotes a unique social goal. Patent law protects functional products, processes andRead MoreThe World Intellectual Property Organization Essay886 Words   |  4 PagesIntellectual property is an asset to an individual or a business. Even though intellectual property is intangible, it is very important to protect it. Protection of intellectual property can be one of the most important business decisions one can make. The World Intellectual Property Organization (n.d.) states intellectual property refers to creations of the mind. This can include inventions but also includes literary and artistic works, as well as symbols, names and images used in commerce. Read MoreIntellectual Property, Trademark, And Trade Secrets1237 Words   |  5 PagesIntellectual Property refers to creations of the mind, such as inventions; library and artistic works; designs; and symbols, names and images used in commerce. It is any product of the human intellect that the law protects from unauthorized use by others. It is comprised of four categories: patent, copyright, trademark, and trade secrets. Patent gives the inventor the right to exclude others from making, using, importing, and selling the patented innovation for a certain amount of time. A patent