Intellectual Property Rights ( Ipr ) - 1413 Words

As the era of technology and new innovations allows people to share ideas at a moments notice the need for laws to protect people’s ideas and inventions need to keep up. These laws are called intellectual property rights (IPR) and can include patents, copyrights, trademarks, process design and in some case trade secrets which differ from other types of IPR. This means that a company could create a monopoly on an idea that would give them a right to punish people by law if they copied that idea. For most of these forms of IP such as a patent and trademark require the idea holder to submit their process for creating the idea and documentation proving ones claim, however for copyright according to federal law any original work that is publically produced protects the rights of the creator. This is good for most people because it ensures their work can not be copied but some people who share information with the public actually want it to be free for all to know and use it without someone being able to profit off of it. There have been arguments about the impact of having IPR has had on business and whether or not having these laws leads to innovation or stifles it. This argument states that if IPR are strongly enforced and easily patented then people will feel their inventions will be protected and they will profit fairly off of them. Others argue against this idea that even if there were no IPR people would still invent new music and medications for the good of invention notShow MoreRelatedIntellectual Property Rights ( Ipr )1672 Words   |  7 PagesINTELLECTUAL PROPERTY RIGHTS (IPR) Intellectual Property Rights, which also known as IPR is simply the thoughts, inventions and innovative statements focused on which there is a public willingness to present the condition of the property. IPR provides certain exclusive rights to the innovator of the property, in order to empower them to reap business advantages from their creative efforts or notoriety. The types of Intellectual Property Right include †¢ Copyright †¢ Patent †¢ Trademarks †¢ DesignRead MoreLegal Protection And Intellectual Property Rights1175 Words   |  5 PagesIntellectual property is defined in the World Intellectual Property Organization (WIPO) as the creation of the mind. According to WIPO the work does not have to be literary in order to be protected. Names, images, symbols, designs..etc. are all protected. Intellectual property rights are mentioned in article 27 of the universal human rights act that gives the inventors and creators to benefit from their work. Those rights are obtained through registering patents, trademarks, and copyrights. ThereRead MoreThe Patent Law Of Taiwan1269 Words   |  6 PagesAgreement (The Agreement on Trade Related Aspects of Intellectual Property Rights), as Annex 1C of the Marrakesh Agreement establishing the World Trade Organization (hereinafter the WTO) which came into effect in January, 1995. As a trade-off between promoting knowledge diffusion and exclusivity to use the knowledge, the patent system is part of the minimum standard established in the course of the globalization of intellectual property right (IPR). The formation of TRIPS also demonstrates that theRead MoreAs A Result, The Change Of Global Business Environment1481 Words   |  6 Pages As a result, the change of global business environment substantially â€Å"reshaped† the interpretation of the legal argument. With the increase of protection requested by the industrialized countries, Bierylo explains the reason is that â€Å"weaker IPRs may result in additional competition within the global market from imitation.† In order to satisfy the â€Å"reasonable requirements of the public†, criteria (d) and (e) of section 84(7) of the IPA. Section 84(7)(d) provides that the patent should beRead MoreIn Some Manner, It Would Be Strenuous To Realize All Of1510 Words   |  7 Pagesinnovation† and â€Å"the transfer and dissemination of technology† in the Preamble and other provisions. To be specific, â€Å"technology transfer† was introduced in article 7 of the TRIPS Agreement. Article 7 stipulates: â€Å"protection and enforcement of intellectual property rights should contribute to the promotion of technological innovation and to the transfer and dissemination of technology.† However, the scope and language of this provision are quite vague and extensive, whereas many formal or informal institutionsRead MoreEconomic And Social Status Of China1549 Words   |  7 Pagessocially, influences of China has been substantial. Economic and social status of China are firm that it can not be oversighted. However, law related intellectual property rights has been rising issues in China. First step to solve the problem is realize there is one. It is critical to recognize which elements are violating IPR. Basic systematic error of IPR and counterfeit culture in China are main factors for the obstacles. Current state of the world’s counterfeit goods market â€Å"Carratu InternationalRead MoreImpact Of Intellectual Property Theft And Copyright Infringement1389 Words   |  6 PagesThis report will examine the impact of intellectual property theft and copyright infringement upon the company Music and Film Innovators. I will obtain statistical data that shows what, how, and who is responsible for these thefts. I will also provide viable solutions and recommendations to Music and Film Innovators (MFI) in order to reduce the company’s exposure and subsequent losses. I will provide various ways that Music and Film Innovators creations and personnel data can be protected soRead MoreShould The Fair Use Doctrine Must Be Won And Defended On Intellectual Property Essay945 Words   |  4 PagesAccording to Intellectual Property Quotes (n.d.), â€Å"While American intellectual property deserves protection, that protection must be won and defended in a manner that does not stifle innovation, erode due process under the law, and weaken the protection of political and civil rights on the Internet† (Intellectual Property Quotes, n.d.). In this paper I will discuss the facts and legal reasoning of this case, what the Fair Use Doctrine is, and will answer the following: why it is important to protectRead 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 MoreIPR Enforcement In China Case Study754 Words   |  4 Pages American firms must form more joint ventures with Chinese business entities to address the longstanding intellectual property rights (IPR) enforcement problems in China. To incentive their formation, the United States and China should create a bilateral agreement with benefits for joint ventures. About 86-90% of all IP protected goods sold in China have been illegally copied. As a result, U.S. industries lose billions of d ollars and thousands of jobs per year. Local Chinese businesses have a vested