BUS 2202: Internet Law
University of the people
BUS 2202: E-COMMERCE
Written Assignment Unit 8
Internet Law
“Intellectual property embodies unique work reflecting someone’s creativity. Intellectual property is all around us. It is manifest in miracle drugs, a new computer game, a movie, or a more fuel efficient car”. (State.gov, 2016)
The three main areas of intellectual property law is: Trademark, Copyright, Patent According to free-lance writer Jeanne Holden:” The purpose of intellectual property law is to encourage innovation by giving creators time to profit from their new ideas and to recover development costs”. (Holden, 2016). Intellectual property rights can be bought, sold, licensed, or given away freely. Some businesses have made millions of dollars by certifying or selling their patents or trademarks. Every entrepreneur should be aware of intellectual …show more content…
It involves of certain intellectual creations by entrepreneurs or their staffs that have commercial value and are given legal ownership. Case in point of such creations is a new merchandise and its name, an original method, an innovative process, a new promotional scheme, and a new design. Instead of fences and locks, patents, copyrights, and trademarks are used to avoid competitors from profiting from an individual's or firm's ideas.
References:
What Is Intellectual Property (IP)?. (2016). State.gov. Retrieved 23 October 2016, from http://www.state.gov/e/eb/tpp/ipe/what/
Holden, J. (2016). Intellectual Property: A Valuable Business Asset | IIP Digital. Iipdigital.usembassy.gov. Retrieved 23 October 2016, from http://iipdigital.usembassy.gov/st/english/publication/2008/06/20080603231520eaifas0.456814.html#axzz4Nti6CVXj
McKay, M. (2016). Difference Between Copyrights & Patents. Smallbusiness.chron.com. Retrieved 24 October 2016, from
BUS 2202: E-COMMERCE
Written Assignment Unit 8
Internet Law
“Intellectual property embodies unique work reflecting someone’s creativity. Intellectual property is all around us. It is manifest in miracle drugs, a new computer game, a movie, or a more fuel efficient car”. (State.gov, 2016)
The three main areas of intellectual property law is: Trademark, Copyright, Patent According to free-lance writer Jeanne Holden:” The purpose of intellectual property law is to encourage innovation by giving creators time to profit from their new ideas and to recover development costs”. (Holden, 2016). Intellectual property rights can be bought, sold, licensed, or given away freely. Some businesses have made millions of dollars by certifying or selling their patents or trademarks. Every entrepreneur should be aware of intellectual …show more content…
It involves of certain intellectual creations by entrepreneurs or their staffs that have commercial value and are given legal ownership. Case in point of such creations is a new merchandise and its name, an original method, an innovative process, a new promotional scheme, and a new design. Instead of fences and locks, patents, copyrights, and trademarks are used to avoid competitors from profiting from an individual's or firm's ideas.
References:
What Is Intellectual Property (IP)?. (2016). State.gov. Retrieved 23 October 2016, from http://www.state.gov/e/eb/tpp/ipe/what/
Holden, J. (2016). Intellectual Property: A Valuable Business Asset | IIP Digital. Iipdigital.usembassy.gov. Retrieved 23 October 2016, from http://iipdigital.usembassy.gov/st/english/publication/2008/06/20080603231520eaifas0.456814.html#axzz4Nti6CVXj
McKay, M. (2016). Difference Between Copyrights & Patents. Smallbusiness.chron.com. Retrieved 24 October 2016, from