Meaning And Importance Of Intellectual Property Philosophy Essay

Meaning And Importance Of Intellectual Property ism EssayIntellect is the power of the mind, the power of mind to think and ideate and innovate. Intellectual seat is that kind of airscrew which is a thought by ones mind. It is the piazza eachwhere certain ideas of the mind. Certain creations of mind atomic number 18 recognised as special creations and they hatful be nurtureed through law. thither is a different branch of law known as capable attri preciselye law which deals with the legal aspect of mental airscrew. Intellectual berth is raw veridical aloney an intangible asset as it can non be seen or mention hardly its affects can be felt. Artistic works, musical works, discoveries and so forthcome chthonic the scanner of expert position laws. These can be observe by anyone, but the first one to discover them usually gets to open a legal rightly over his decisions. Copyrights, tackmarks, patents and trade secrets argon some habitual types of redeing li eu rights that one whitethorn resort to legally nurse ones discoveries or thoughts. The term of intellect position is non truly grey and it has come to the surface in the 19th ascorbic acid itself. It was in the ripe of the 20th century when finally the word gifted home gained vastness in the existence. It gained the most acknowledgement and wideness firstly in the join States of America.Intellectual holding owners with the help of sharp airscrew rights benefit from their sm artistic production airplane propeller by earning monetary gains from it. Such property provides financial incentives to them. As the economic conditions of the mankind discombobulate expire better more than(prenominal) than and more emphasis on able property rights is world assumption these days. specially in real countries like U.S.A. and U.K. intellectual property plays a contemplate voice in the overall economy of these countries. As large as two thirds of the total assets of these countries can be traced back to nothing more than intellectual property i.e. intangible assets.Not yet this, a upstart study has found that origines which mystify intellectual properties as their assets were earning more r even offues than companies which did not have any intellectual property. Some economists suggest that strengthening the intellectual property system directly benefits the overall economic conditions of enterprises.Intellectual property rights argon usually applicable to goods and services which can usually be used by one and all. This implies that even though a psyche may claim to have an intellectual property right on any exhibitn good, this will not stop or blank out any other person from using much(prenominal) goods. Intellectual property recognises the efforts of an individual. For example we can say that a certain individual develop a given scientific formulae and he got intellectual property rights over that formulae. stock-still in such a co ndition anyone and everyone who wishes to use that scientific formulae for an experiment is allowed to use it, the creators intellectual property rights do not and cannot quit him from using that formulae.Moreover economists in addition agree that patents and copyrights do not build monopolies they just simply act as rewards for people who have discovered current things. They only facilitate monetary rewards for the discoverers as remuneration for their efforts but in no possible way do intellectual property rights create monopolies.Although intellectual property has gained a lot of importance well-nigh the world, but it has never stayed out of controversies and it has always been criticised by many. Some go up to the direct and claim that the term intellectual property itself is nonsensical and creates confusion and is of no use at all. Some economists believe that copyrights and patents atomic number 18 harming the ideal of a free world where anyone and everyone have equal rights to do business. Some people believe that intellectual property rights harm public interests.The intellectual property laws need to expand more and diversify more in order to gain importance and credit.WHAT IS INTELLECTUAL PROPERTY but?Intellectual Property more commonly known just as IP is nothing more than the creations of a mind of an individual. These create heterogeneous inventions, names, images, design etc. Intellectual property is usually sub-divided into two categories industrial intellectual property and Copyrights.Industrial intellectual property includes acts like inventions, trademarks and industrial discoveries etc. Copyrights may include works of art and literature. These may be poems and novels and plays etc.Any kind of innovation by an individual or a group can be called as their intellectual property. Even traditional discoveries by local communities ar their intellectual property. But since these practices argon traditional so most of the ms they atom ic number 18 not given the status of being intellectual property.We need to gain that most of the things most us have an origin and at some point of time in the history they essential have been invented. Anyone who was involved in inventing that braid or article can claim that object to be his or her intellectual property. Intellectual property rights have a huge concern on international trade and indigenous trade. In todays advanced world intellectual property and its rights have bugger off more classic. With the invention of mesh and as the world has extend more and more dependent on using internet the chances of ideas being stolen and being misused have suffer higher and higher. Due to this people who invent or discover anything innovative have to get them secure or copyrighted as soon as possible. Misuse of ideas generated by other persons has begin one of the most common crimes of these days and the only sufferers argon the inventors and discoverers.Ideas are bec oming a more and more important aspect of trade in the modern world. All kinds of high technology products in the market today are born out of great ideas of individuals. Invention, research, design these are the pillars over which juvenile discoveries are being made today.Intellectual property rights have added a lot of intrinsic value to all kinds of products. For example in the frock industry a particular brand name is nothing but intellectual property, a brand name is an intangible asset. But tog sell because it has a brand name, so here we see and understand that how intellectual property adds value to products. Creators of various products and services and people who have various ideas have the right to protect their ideas and similarly they have the right to share their ideas with others too.INTELLECTUAL PROPERTY AND ITS IMPORTANCE IN VARIOUS move OF THE valetThe importance of intellectual property and their rights varies in different split of the world. Various law enf orcement agencies approximately the world give different levels of importance to intellectual property. Intellectual property now a day has become more and more important and most all the countries who depend on international trade are taking some interest in intellectual property and its related rights.It has been found by a study that intellectual property rights are a reason of stress and stress amongst countries who indulge in international trade. It becomes difficult for inter-country trade to take puzzle smoothly if there are a lot of intellectual property rights which are present.Moreover the indigenous industrialists and other people who have innovated are harmed if their intellectual property rights are completely abolished. in that respectfore it is a must(prenominal) for the countries to see a labyrinthine sense between the two.In the new century common intellectual property rights are being formed by various countries in order to get over hindrances and problems of trade. This is seen as a positive tone by all and it is almost assured that this step will benefit the international step positively.The TRIPSs agreement of the world trade organisation is one such step which defines the level of intellectual property rights a given member can enforce and this has helped in narrow the gap in international trade. This agreement defines basically the minimum level of intellectual property protection that a government can give to its citizens and it also defines the maximum level of intellectual property protection which may be provided by a member country.The countries must form their intellectual property rights and laws in such a manner that a balance is struck between long term benefits and the short term losings that a countrys citizens may need to pay.Society will benefit if intellectual property rights encourage protection up to only a watch and such rights are given in special cases only. But the concerned governments should also ensure that some basic level of protection for intellectual property must also exist and they should be properly use and the peoples right must be protected properly. (Intellectual property Protection and Enforcement) wherefore IS IT IMPORTANT TO PROTECT INTELLECTUAL PROPERTY?Issues regarding intellectual property are growing by the day. There are a lot of duologue going on related to intellectual property rights these days. Most of the times, these issues are given more financial aid. The aspect of protecting intellectual property has become more important these days than it should be. It is demanding far too much attention that it deserves in reality.We need to understand the basics and look into the fact that why in the first place was intellectual property rights formed. We need to understand what role do such rights play in todays world. We come at a conclusion that protecting intellectual property rights of individuals and groups and companies is a basic brotherly requirement. It is a need of any ball club to have its intellectual property rights protected more than anything else.COPYRIGHTS INTELLECTUAL PROPERTY ON THE WORLD WIDE WEBProtecting intellectual property plays an important role in the overall development of the nation on the grounds of economy, society etc. Copyrights are one of the most important forms of intellectual property rights. Copyrights are nothing but an assurance to people that they are allowed to trace the fruits of their hard work and they will get the credit that is collect to them for inventing something new. As we know that social intellectual property rights also play in intrinsic part in the social development of any society.Copyrights in particular are used more while protecting social intellectual property. Artists and creators protect their intellectual property with the help of copyrights. Now a daze a new concept of piracy has developed in the modern world. Piracy is the unofficial use of copyrighted material. Movies an d songs around the world are being pirated on a very wide scale. Songs and movies are copyrights of their producers and they have the right to earn money whenever someone is using them, due to piracy the work of art and hard work is being distributed around the world without the producers getting any money from it. This is the reason why downloading pirated movies and songs have become illegal in countries like United States of America, United Kingdom, and Australia etc. Cyber crimes are one of the main threats to intellectual property. The most common outset of damaging intellectual property in the 21st century is through the internet. But it must be noted here that most of the countries in the world still have no laws against cyber crimes and now laws to protect intellectual property from being misused through the internet.It must be also noted that by the turn of the 21st century the intellectual property rights had also become rigid in many countries which were applying them si nce the 1980s and 90s. It had almost become impossible for people to enter into many fields because they had become so rigid, and companies which were already in a given field had got patented and copyrighted almost anything and everything that could be researched in that field. There were many areas of business which were being dominated by large production houses and such production houses had virtually created their monopoly with the help of misusing the intellectual property rights. The areas in which patent can be taken are being cut down and animated patents and copyrights which are basically being misused are also being taken away. We must realise that striking a balance when it comes to intellectual property rights is becoming very important. More than often we are prevailing that such intellectual property rights are misused by the fat and powerful rather than being used to protect their interests. They use such rights in order to prevent others from progressing and not to prevent their own property being misused. (Intellectual Property-Rights and Wrongs)Governments should also realise that not only is striking a balance important to protect the society but its also important when it comes to international trade.SHARING MATERIALThe debate on whether to share or not the copyrighted material is a never ending one. There are a thousand views and no one can be said to be the perfect one. As the 21st century has dawned in people have discovered various methods of share-out material. A new term called peer to peer (P2P) sharing has developed. Peer to peer sharing is happening on an unimaginable scale over the internet every second. Most of it is happening for free and the content it involves is usually copyrighted. Keeping away the bloodlines and debates sharing material should depend on whether the owner of the material has completed his cost out of the article and his profit out of it, if yes, then the material should be shared otherwise no. This i s the simplest and the most affective argument related to sharing which experts have.CONCLUSIONAs we conclude this report we find out that intellectual property the concept itself is not very old. This concept was formed somewhere in the late 19th century. Although it has gained huge popularity only in the 1970s and after that it is continuously increasing. Intellectual property itself could be defined as new ideas and techniques, and new discoveries etc. Intellectual property is an intangible asset. As the concept of intellectual property has gained importance even the concept of intellectual property protection has also gained importance. Countries like England, U.S.A., and Australia are more stringent while applying intellectual property protection. Developing and under-developed countries have less protection to provide to intellectual property. Intellectual property has become a very important part of many businesses and industries in developed countries. Intellectual property is very important and all nations should have laws to protect intellectual property. All nations must duly recognise the intellectual properties of their individuals. We must understand that intellectual property despite being intangible is very important. Economists all around the world have agreed that intellectual property adds huge value to subjects.As the concept of intellectual property has freehanded so has the criticism around it grown. People believe that the concepts of intellectual property and its protection only create confusions and complications in trade and it is hardly reclaimable at all.With the 21st century knocking on our doors intellectual property protection has become very important as there are many ways now that one can have his intellectual property misused and abused. With the development of internet and its vast usage all throughout the world, crimes related to misuse of intellectual property have grown. Articles, pieces of art like movies and songs whi ch are copyrighted to protect the rights of their producers are being openly misused on the internet through piracy.Last but not the least in order to improve the international trade and in order to ensure long term development of society, countries need to strike a balance on how to protect the peoples intellectual property. The laws should not be too lenient neither should they be too stringent.