Overview Of Intellectual Property Essay -- IP Copyright

Intellectual Property Table of Contents Overview of Intellectual Property 3 Types of Intellectual Property Rights 3 Industrial property 4 Copyright 5 Controversy of Intellectual Property 5 Intellectual Property in the Digital Age 7 No Electronic Theft Act 9 Digital Millennium Copyright Act of 1998 9 Case Study Involving Intellectual Property – Domain Names 9 Conclusion 11 Overview of Intellectual Property The term intellectual property refers to the innovations of the human mind. Intellectual property rights protect the interests of these innovators by giving them property rights attached to those ideas. The term "intellectual property rights" stands for these legal rights that authors, inventors, and other creators have. Intellectual property laws relate to a particular way in which ideas or information is expressed or displayed, but not the actual ideas or exact concept itself. The first use of the expression "intellectual property" appears to be October 1845, in Davoll vs. Brown, a patent case in Massachusetts. Justice Charles Woodbury said that "only in this way can we protect intellectual property, the labors of the mind, productions and interests as much a man's own...as the wheat he cultivates, or the flocks he rears." Though coined many years prior, the term has only become popular very recently. It was uncommon to hear the expression until the establishment of the World Intellectual Property Organization in 1967, which then actively promoted the term. Types of Intellectual Property Rights There are currently many different ways to protect intellectual property. Intellectual property is divided into two main categories: industrial property, which includes patents, trademarks, industrial desi... ...he domain name to the owner of the mark†. The court can also award statutory damages between $1,000 and $100,000 per domain name. In this case, Gallo would most likely receive the transfer of the domain name to his ownership. He will also probably receive damages, perhaps his court costs and whatever the court deemed fair to compensate him for the damage done by the defendant using the site to negatively impact his name and business. Conclusion Intellectual property can be a confusing term, but it is an important concept. The ramifications of strengthening or relaxing its grip on the way we interact and use information today will affect future generations in ways that may be unclear, but undeniably powerful. It is important to balance the rights of individuals on either side of the law, so information can be applied to what we need it for the most, growth.