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Intellectual Property Law

    Intellectual Property Law Editor's Picks

    • What Is a Patent?

      Article I, section 8 of the U.S. Constitution empowers Congress "to promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries." The first such law was enacted in 1790. Since then, the concept of patent protection has been a... more »

    • What Are the Copyright Laws for Images?

      The ever-increasing and common usage of quality, affordable digital cameras has flooded the media environment with photographic imagery. The business realm of photography has shifted from a seemingly closed society to a viable means of financial growth for professionals, hobbyists and in some cases, complete novices. With increased... more »

    • The Process for Copyrighting

      It is important to understand that there is a distinct difference between the process for copyrighting and registering a copyright. In the United States, a copyright exists in an completed work without the need for formal registration. There are cases in the United States that take this a step further and conclude that a copyright... more »

    • About the Patent Law Act

      The federal Patent Act (Title 35 of the United States Code) governs all aspects of law that can be applied to patentable inventions. While some might see this body of statute as contemporary law that affects modern inventions, the Patent Act has a rich history that dates to the United States Constitution. more »

    • What Is a Copyright Attorney?

      A copyright attorney is a lawyer who specializes in copyright law--the law governing an author's or creator's exclusive right for a limited time regarding that work. Copyright attorneys frequently address issues regarding a work's publication and distribution. more »

    Intellectual Property Law Videos

    Intellectual Property Law Articles

    Wikipedia

    Intellectual property



    Intellectual property (IP) is a number of distinct types of legal monopolies over creations of the mind, both artistic and commercial, and the corresponding fields of law.Intellectual Property Licensing: Forms and Analysis, by Richard Raysman, Edward A. Pisacreta and Kenneth A. Adler. Law Journal Press, 1999-2008. ISBN 973-58852-086-9 Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property include copyrights, trademarks, patents, industrial design rights and trade secrets in some jurisdictions.

    Although many of the legal principles governing intellectual property have evolved over centuries, it was not until the 19th century that the term intellectual property began to be used, and not until the late 20th century that it became commonplace in the United States."Lemley 2005"> " property as a common descriptor of the field probably traces to the foundation of the World Intellectual Property Organization (WIPO) by the United Nations." in Mark A. Lemley, , Texas Law Review, 2005, Vol. 83:1031, page 1033, footnote 4.

    Objectives
    Financial incentive
    These exclusive rights allow owners of intellectual property to reap monopoly profits. These monopoly profits provide a financial incentive for the creation of intellectual property, and pay associated research and development costs. Some commentators, such as David Levine and Michele Boldrin, dispute this justification.R000000>

    Economic growth
    The legal monopoly granted by IP laws are credited with significant contributions toward economic growth. Economists estimate that two-thirds of the value of large businesses in the U.S. can be traced to intangible assets. Industries which rely on IP protections are estimated to produce 72 percent more value added per employee than no read more at » http://en.wikipedia.org/wiki/Intellectual+property

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