Copyright and Intellectual Property
Legal rights, both creative and artistic that are given over the creations of the mind are called intellectual rights and the advantage that the owner gets after having intellectual rights is that he gets exclusive rights over his creation that can be an innovative idea, any intangible asset, music, symbols or any design, etc. There are however, many types of intellectual property rights that an individual can get and these can be copyrights, trademarks, patents, industrial design rights and trade secrets and by having these rights, the owner or the creator can protect the originality of his work. It was in the late 20th century when the creators started to get intellectual rights as they were not introduced before that. Individuals can also get these rights in order to protect their work that can include books, movies, paintings, photographs and these rights help the holder to control the reproduction of his works for a certain period of time.
Creations that are created for industrial or commercial purposes are known as industrial properties and to protect these, patents and trademarks are given to the inventor. A trademark however helps the creator to differentiate his products or services from the others that are available in the market. The three main benefits that a holder of intellectual property rights gets are mentioned below.
Financial incentiveTransmission of technologyEconomic growth (Samuelson, 1996).The copyright helps the creator have the exclusive rights to protect the originality of his work for a particular time frame after which it can be used legally by the public but the time period actually depends on who the creator is and can vary from 50-100 years after the death of the author while for the anonymous people the time frame is shorter. Copyrights are basically used to protect discreet information or an idea and attaining a copyright mostly does not require any formal registration. (Samuelson, 1995).
ReferenceSamuelson, P. (1995). “Copyright and Digital Libraries.” Communications of the ACM, 38 (3) pp 15-21,110.Samuelson, P. (1996). “Intellectual property rights and the global information economy.” Communications of the ACM, 39(1), pp. 23- 28.