Intellectual Property Essay Example | Topics and Well Written Essays - 1000 words

Intellectual Property - Essay Example Background of the research Arguments for intellectual property have taken many forms because the high rate of technological advancement makes people introduce new ways of misconduct. Individual personality is the extension of intellectual property because it introduces social progress and innovation incentives. Even justification of rights is related to merit and labor, the government should take a step forward to prevent people’s intellectual property. On the other hand, some organizations want the government to abolish the issue of intellectual property because it makes some big companies take advantage of emerging industries. Most people argue that the intellectual works on the basis of restricted access, but intellectual works are consumed by their use and many people are capable of using them concurrently. Intellectual property aims at protecting other people’s properties through introducing rules and regulations related to internet and technology. Organizations st ore crucial information that enable them carry out their business plans without crashing into one another’s plans. Violation of intellectual property rules leads to some industries having similar trademarks, or patents. In addition, economists have introduced economies of intellectual property that provides the basic requirements for an industry enter into the world of economies today (Lemley 1031). Types of intellectual property Intellectual property covers entrepreneurs in all categories from the small scale to large scale to assist in the protection of valuable assets of a company like the company logo, advertising instruments, list of consumers, and the unique ways of carrying out its activities (Bagley and Dauchy 23-52). The government has puts up policies to help in the protection of the intellectual property which every entrepreneur must follow. Copyrights Copyright forms the most crucial type of intellectual property that has greatly affected many industries, includin g software producing companies, music industries, multimedia, and entertainment sectors. Copyrights help in protecting the original expression of someone or an organization fixed in a tangible form. One of the commonest methods of copyright protection is through displaying a copyright notice on the product to make the user know the good protection by the copyright law, gives the producer, and the first time of publication. Copyright also gives the owner the right to get economic advantages from the product and the right to prevent duplication and selling of the work. Every person has the right over the ideas created and holds the responsibility to get all the benefits, which come because of that achievement and have the mandate to dictate who uses the idea for business purposes. The copyright covers all areas including computer programs and electronic databases. Trademarks Trademarks assist business industries in improving their image towards attracting more customers by increasing the quality of products and services offered. Trademark makes products and services more reliable, brings about innovations, and improves business performance. Good examples of well known trademarks globally include NIKE, AON, Mercedes-Benz, and Intel Inside. Protecting intellectual prop