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Intellectual Property Rights
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Piracy of intellectual property cost the U. ... Piracy of intellectual property, such as illegally downloading music, movies, and copying software are growing problems for companies that have licensing agreements on intellectual property. ...
Intellectual property rights include copyrights, trademarks, and patents that receive protection from the government. ... Copyrights are legal rights to artistic or written works, including books, software, films, music, or to such works as the layout design of a computer chip. ... Intellectual property can be sold or licensed for use to others through a licensing agreement. Owners of intellectual properties make revenue by licensing their product to a holder for a specified amount of time and money. ... Therefore, the economic value of intellectual property lies in the right of its owner to license its use to someone else, but it only has worth if the owner can prevent unauthorized use. Rights in property are worthless if those rights cannot be protected by law.
The most important factor that protects intellectual property is a country’s national law. The United States protects intellectual rights under federal statues. However, intellectual property rights granted in one nation are not legally recognized and enforceable in another country. Most developed countries, such as Canada, Western Europe, and Japan, have laws that protect the owners of intellectual property and they enforce those laws. ...
The first international property treaty was the International Convention for the Protection of Industrial Property or better known as the Paris Convention. ... As the international property industry grew, so did the need for better protection. Besides a country’s national law, TRIPS offer the next best protection for intellectual property rights in the international market. The Uruguay Round negotiations focused on intellectual property rights and came up with the Agreement on Trade-Related Aspects of Intellectual Property Rights or TRIPS which became effective January 1, 2000. ... As a result of TRIPS, developing countries must adopt intellectual property laws similar to industrialized nations. Countries must now have laws that protect intellectual property rights. It also requires signatory countries to have enforcement procedures to permit effective action against any act of infringement of intellectual property rights. ...
There is a growing problem on the piracy of intellectual property on the Internet that not even TRIPS or any law has been able to deter. ... One of the main organizations making great efforts to improve international protection of copyrighted materials is the International Intellectual Property Alliance or the IIPA. ... Examples of these intellectual properties are all types of computer software including videogame CDs and cartridges, personal computer CD-ROMs and multimedia products, theatrical films, television programs, home videos and digital representations of audiovisual works, music, records, CDs and audiocassettes, textbooks, tradebooks, reference and professional publications, and journals (in both electronic and print media).
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Paper Information
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Title: Intellectual Property Rights
Words: 2117
Rating: None
Pages: 8.5
submitted by: sanman818
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