Intellectual Property in The US - 736 Words

Intellectual Property Intellectual property is an incredibly complicated facet of the law. In the United States, we have many laws in place to control and limit profiting from others intellectual property. The issue is not only profiting from others intellectual property, but not purchasing the property from the originator as well. We will discuss why it is important to protect this property as well as why it is tremendously difficult to regulate all these safe guards. â€Å"Intellectual Property has the shelf life of a banana.† Bill Gates Why Protect Intellectual Property â€Å"Protecting your intellectual property is crucial to your business.† (Hinson, 2014) When business have intellectual property that is going to be popular or helpful in†¦show more content†¦(Patents, 2014) Copyrights â€Å"A copyright provides protection for original works of authorship, fixed in a tangible medium of expression including literary, musical, and dramatic works, as well as photographs, audio and visual recordings, software, and other intellectual works.† (Hinson, 2014) Copyrights are often the most difficult intellectual property to protect. The internet has become such an important tool for business and commerce. However, it is becoming increasingly difficult to enforce laws that are broken via the internet. Many times piracy is the biggest issue of copyright infringement that involves intellectual property. Trademarks â€Å"A trademark protects the name of your product by preventing other business from selling a product under the same name.† (Hinson, 2014) Trademarks are incredibly important to business and especially corporations that produce many products that can be mimicked easily. A service mark falls under trademarks. A service mark is used when a business offers services rather than products. (Hinson, 2014) FBI’S role The Federal Bureau of Investigation (FBI) tracks and helps to enforce violations of intellectual property crimes. â€Å"The FBI’s strategic objective is to detect and disrupt state sponsored groups and international and domestic criminal organizations that manufacture counterfeit and pirated goods or steal, distribute or otherwise profit from theShow MoreRelatedIntellectual Property Rights On Sino Us Economic And Trade Relations3447 Words   |  14 Pagesundergone three intense intellectual property disputes, each to the brink of a trade war. Intellectual property issues in Sino-US economic and trade relations in the 1990s to become one of the major outstanding issues. 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