Intellectual Property Rights

Intellectual  property is a legal term which means the creation of mind. We think differently and bring innovation in our products. The uniqueness which we create in our brands is a intellectual property. This intellectual property helps a lot to make our business successful. The uniqueness in our products can cause our success, because customers wants different and unique products. With the help of this mind creation we can make different strategy’s to achieve success and to compete our competitors. It is not necessary that this innovation or creation is only in business, we can bring  innovation in anything like in   music, literary and many other things. It is actually our thinking and when we think according to different angles then different ideas come in our mind.

Assignment on Intellectual Property Rights By ABC Date Research on Intellectual Property Right (IPR) issues Introduction: Intellectual property is a legal term which means the creation of mind. We think differently and bring innovation in our products. The uniqueness which we create in our brands is a intellectual property. This intellectual property helps a lot to make our business successful. The uniqueness in our products can cause our success, because customers wants different and unique products. With the help of this mind creation we can make different strategy’s to achieve success and to compete our competitors. It is not necessary that this innovation or creation is only in business, we can bring innovation in anything like in music, literary and many other things. It is actually our thinking and when we think according to different angles then different ideas come in our mind. These ideas help a lot for new creation in anything. IP is protected by law. Some intellectual property rights are trademarks, copyrights and patents. Intellectual property are actually a form of property such as intangible property. Issues of Intellectual Property Right: The actual purpose of copyright is to provide protection to the work of different artists. Because is the fruit of struggle of others. But some people copy this data and use for their own. They don not only get idea from this information they copy the whole data and use it same words in their research , but it is not fair with the students who worked hard. Another issue of copy right is the time because it requires a lot of time and effort to record. Cost is also an issue of copyright, because small business on tight budget requires difficulty. There are different ways that cause violation of copyrights. Piracy is the most common way for the violation of copyrights. The example privacy is that making unlicensed DVDs and then sell them in public, printing and publishing books without the permission of author. Some authors do not give permission to use his data to other it is not good because a times comes when his data lose his value. Intellectual property right does not protect ides it is only way of expressing the ideas. When you feel any kind of infringed you have the responsibility to legally assert the copy rights. For this you have to need some money and it provides infringement. It is not guaranteed that the intellectual property are valid or not, it can be legally challenged. Some processes and products can be varied for to get the exact wording of patents. Conclusion: IPR is a multidimensional task. Different types of intellectual rights needs different strategies and plans to handle. To handle that strategies it is necessary that the person have knowledge of different domains such as finance, marketing, laws , finance, since and similarly relating to many other fields. And different industries have different and their own IPR policies. The companies which invest heavily on the development of technology should not ignore the social benefits. Modification in the existing intellectual property rights should be beneficial for society and for welfare of humans. It is not bad that if your knowledge give benefit to others. References: BIBLIOGRAPHY \l 1033 Minxin Pei. (2005). Intellectual Property Rights:. Retrieved february 28, 2015, from http://www.asiabusinesscouncil.org/docs/IntellectualPropertyRights.pdf Sorocco, D. (2009). what is the difference between a patent, a trademark and a copyright? Retrieved february 28, 2015, from http://dunlapcodding.com/phosita/2009/01/what-difference-between-patent-trademark-and-copyright Subohi, A. (2013). Intellectual property rights in global trade. Retrieved february 28, 2015, from http://www.dawn.com/news/1044756/intellectual-property-rights-in-global-trade Zuber, I. (2014). Benefits And Drawbacks Of Intellectual Property Laws. Retrieved february 28, 2015, from http://blogs.sap.com/innovation/innovation/benefits-and-drawbacks-of-intellectual-property-laws-01245678

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