It is also good in a way of freedom of research information. However the end user might not always be as well off as they could be. Overall the use of patents is an essential step in the commercialization of any product in the modern scientific environment. It is a method of trying to reduce the doubling up of research and ensuring the correct people are paid for the inventions. It is essential that some basic rules are followed and every idea is scrutinized by an application process.
Copyright is a protection for authors, composers or artists and creators who create innovative idea base work. Copyright law is important and delicate because its role is to protect the interests of the creator, but also allows access to that information. It designed to make sure that creators receive appropriate rights for their own ideas and creativity, and to promote artistic creativity by protecting the creator. In the United States Constitution it states “The Congress shall have power ... to promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings
What is intellectual property? Basically, intellectual property is the creation of intangible assets, and special rights have been given to the creators to protect such assets. Creators such as innovators, artists, and business owners are entitled to those special rights only for a limited period of time. IP can help businesses by allowing them the confidence to invest in or work with other companies. Also, business owners can franchise, license out, or transact their IPs, thus, using their IP to the fullest.
If you download something instead of buying it, you are essentially stealing. Stopping online piracy will not only benefit the companies that are being stolen from, but benefit the economy as well. While many think that they are saving money, in all actually what they are doing is just hurting and worsening the country’s
The last two are more controversial because they both give the creator exclusive rights to their invention/writing for a limited time. They were meant to benefit both society and creator. Unlike copyright, patents further prevents another company from reverse-engineering the product and selling it for less. Patents are also harder to get; To get a patent it has to be approved by the United States Patent and Trademark Office (USPTO). Although the fashion industry has benefited from not having patents; Competitors constantly steal ideas from each other and cost for consumers are lower as a result.
The strongest protection comes from registering the work thus enables the creators to put a claim upon their work into public view, and discouraging people from using the work without permission. It is common in the U.S. that patens is available to any person "invents or discovers any new and useful process, machine, manufacture, or composition of matter, or any new and useful improvement thereof." 35 U.S. Code §100. Developing a new and better product or process that is unique, useful, and non-obvious encourages people to protect the competitive advantage that is given
Copyright was designed for three basic reasons that are to reward creators for his or her original works; to encourage availableness of the works to the general public; and to facilitate access and use of copyrighted works by the public in bound circumstances. The three technological advances, particularly the networking, digitalized information and worldwide web has modified the economics of information benefits down. Digitalization of information has modified the economics of replica, networking has modified the economics of distribution and therefore the worldwide web modified the economics of publication. While copyright provides terribly clear rights to copyright owners, it conjointly sometimes provides restricted exceptions to people who may would like to use the proprietary work for legitimate functions that don't harm the rights holders’ legitimate commercial interests. Copyright legislation regularly permits restricted copying by libraries and archives.
d) When Countdown provides specific ... ... middle of paper ... ...registered to a firm is their trademark and cannot be altered or modified without the prior permission of the owner. Once the legal restriction is secured, it becomes exclusive and therefore holds a sustainable amount of value. The firm that possesses this asset must be able to utilise it effectively in order to gain economic profit. Legal restrictions act as a strong barrier to any firms who want to imitate a market leader and enter the market using similar tactics as the incumbent. If deployed effectively, legal restrictions can be highly effective in gaining sustainable competitive advantage as well as allowing a market leader to hold its place in the market (Besanko, Dranove, Shanley, & Schaefer, 2013).
Traders obtain trademarks in order to protect their image and reputation or their goods. However in a society based on free competition this allows others to compete on level terms within the same market. The rival trade at the very least would hope that the monopoly conferred by the grant of a trade mark is restricted to rational restrictions so as not to inhib... ... middle of paper ... ...nder which consumers interests are said to be intrinsically recognised, trademark law could truly benefit the consumer. This benefit is apparent when one considers that if the origin function supersedes the advertising function as that which the courts sought to protect, then parallel imports (goods which legitimately bear the mark of the trade mark proprietors and as such do not deceive the consumer as to their origin) would in some situations, be endorsed. Whilst it may be right that some protection is granted to manufacturer due to their investment in research and development of products, thereby justifying the needed for trademark laws and laws protecting tem, the question that must be addressed by the legislature is why this should be at the expense of the consumers interest.
Enhances self-esteem Another reason why the government should encourage freedom of speech is to help people develop poise to express their views without fear of being condemned or punished. By doing so, people can challenge the rules and laws and fight for what they believe is right. Such inspired folks are usually front-runners in economic development. 3. New ideas foster development The benefits of freedom of speech are somewhat obvious, for instance, sharing of ideas can enhance productivity at the workplace, not to mention that it fosters social relationship.