E-Business Makes Protection of Intellectual Property More Critical, Complex than Ever Intellectual property is often defined as the creation of the mind such as inventions, literary and artistic works, and symbols, names, images, and designs used In commerce. Intellectual property Is divided Into two parts. Industrial property, which is geared towards businesses, includes inventions, patents, trademarks, industrial designs, and geographic indications of source.
Copyrights which are geared towards literary and artistic works, includes performances from performing artists, producers, and broadcasters In radio and television ("What Is Intellectual Property? " , n. D. ). The protection of Ideas and processes with businesses is extremely difficult. What makes this s difficult task to accomplish is that the internet is open to everyone and almost all businesses are moving their business toward e- commerce to keep up with technology. Also, e-business has the same concept so retention the intellectual property of an e-business becomes extremely difficult.
When dealing with e-business, protecting these properties is extremely difficult and complex. The internet has free range and is accessible to everyone and when businesses start migrating there business with e-commerce, the concept is the same. The consumer browses for a product, and proceed to purchase the product via the internet. With many businesses taking this approach to expand their market and increase their revenue, what sets each business apart from its competitors? Businesses set themselves apart by their brand, industrial designs, and custom Inventions or ideas.
Order custom essay E-Business Makes Protection of Intellectual Property More with free plagiarism report
It has been said that "A carefully worded contract drawn up by experienced counsel can be a company's best protection," which often serves as the protection of these properties (Trader, 2000). Some of the more common types of legal protection are patents, copyrights, trademarks, and trade secrets. Patents exclude others from doing what is claimed In the patent but does not necessarily provide the right to practice the Invention. Copyrights protect authorship such as writings, music, and works of art that have been tangibly expressed.
Trademarks protect words, symbols, sounds, color, or anything that distinguishes a good or services. Trade secrets are any information such as recipes or processes a company keeps a secret to give them an advantage over their competition (Types of Intellectual Property Protection", n. D). Being that intellectual property is a broad topic, when it comes to e-business t becomes even broader. Legally, every business has the right to induct business via the internet but it does not have the right to copy someone else work or product.
Did you know that we have over 70,000 essays on 3,000 topics in our database?