Copyright Laws and Intellectual Property

In: Business and Management

Submitted By Mashchapeyama
Words 1192
Pages 5
Many people and organizations come up with new inventions and even innovations or improvement on their current properties. Some companies devise their formulas that have economic value as much as they would come up with new methods and processes. These inventions must not be used by any one wilily-nilly; this calls for laws to protect such innovations and intellectual properties. This has led to copyright laws and property or intellectual rights.
A copyright law is a set of rules and regulations that protects a person or organization’s unique creation of invention or innovation against copying and abuse or other forms of illegal usage. The issue is that if a person has used his resources and expertise and knowledge to create a new item, no one must benefit from that item without the authorization of the inventor. In order to avoid illegal usage of another person’s property there is need for legislation to enforce compliance. The use of the property must be done with the authorization of the inventor or the creator. Some people want to be paid for the effort they would have put and the resources they would have used to come up with such an asset. Copyright laws are important because they regularize the usage of a person’s intellectual property. This is essential in business today. In the same category as the copyright laws is the intellectual property right. If there has not been property right and copyright organizations and people would use other people’s property without paying for it. That may also lead to tarnishing of other people or organizational images. Let us take an example of a trade mark. A trade mark may related to the name and logo or symbols that a certain business uses. If a company is known as Microsoft, for example, and it has its own logo and mission and vision, if another organization names itself Microsoft again, that may bring confusions and…...

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