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You will prepare and submit a term paper on Intellectual property and violations. Your paper should be a minimum of 5250 words in length.
You will prepare and submit a term paper on Intellectual property and violations. Your paper should be a minimum of 5250 words in length. The European Union is dealing with the increasing infringement cases in other countries. China has made steps in ensuring the protection of intellectual property. The formation of trade organizations and signing of agreements has improved the intellectual property protection in local and world markets.
The law defines intellectual property as anything intangible product produced by a creative mind (Alin, 2014) (Vidrascu, Cristea, Iacob, & Volintiru, 2014). The law is founded on the fact that a creative mind should have some exclusive rights attached to his or her idea. Some of the examples of intellectual property are literature, music, inventions, paint, words, phrases and anything else that is borne by unique creativity of the human mind (Anderson, 2013). The term intellectual property goes back many years. The laws surrounding intellectual property and rights have undergone many changes (Bird & Jain, 2008). The paper examines advantages, violations, rights and laws on intellectual properties in different countries.
The current meaning of the term intellectual property traces its roots back to 1867 in pre-modern Germany (Alin, 2014). The North German Confederation had given power for individuals to protect their intellectual property. The term has been used in Europe and America. It is paramount to understand that patents did not start with real inventions. It began with Queen Elizabeth awarding royal grants that had immense monopoly privileges. However, the meaning has evolved to the giving an inventor exclusive rights to sell and control his or her invention. The purpose and scope of intellectual property rights have been changing ever since (Moreno, 2013). For example, in the past the rights were given to encourage invention. They were given only in situations it was necessary.
This paper reviews the application of intellectual property and intellectual property rights. It analyzes the advantages and limitations of intellectual property rights.
