Because of its intangible nature, and particularly the increase of the digital domain and the internet as a whole, computers and cyber piracy make it easier for people to steal many forms of intellectual property. Due to this major threat, intellectual property rights owners’ should take every single measure to protect their rights. Unless these rights are either sold, exchanged, transferred, or appropriately licensed for use in exchange for a monetary fee, they should be protected at all cost. In order to protect these rights, the federal and states governments have passed numerous laws and statutes to protect intellectual property from misappropriation and infringement. “The source of federal copyright and patent law originates with the Copyright and Patent ...
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...one thing less susceptible than all others of exclusive property, it is the action of the thinking power called an idea, which an individual may exclusively possess as long as he keeps it to himself; but the moment it is divulged, it forces itself into the possession of every one, and the receiver cannot dispossess himself of it.” (Jefferson, 1813).
Cheeseman, H., (2013). Business law: legal environment, online commerce, business ethics, and international issues. (8th ed.), (pp. 168-205). New Jersey: Pearson Education.
Jefferson, T., (1803). Thomas Jefferson letter to Isaac McPherson. Retrieved from http://rack1. ul.cs.cmu.edu/jefferson/
Yeh, B., (2012). Intellectual Property Rights Violations: Federal Civil Remedies and Criminal
Penalties Related to Copyrights, Trademarks, and Patents. Retrieved from http://www. fas.org/ sgp/crs/misc/RL34109.pdf
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