Digital Intellectual Property Is Intangible And Non Physical Goods

2063 Words May 16th, 2016 null Page
Digital Intellectual Property
Intellectual Property refers to the ownership of intangible and non-physical goods which includes ideas, names, designs, symbols, artwork, writings and other creations. It also refers to digital media such as audio and video clips that can be downloaded online. Because intellectual property is intangible, it is more difficult to protect than other types of goods. For example, tangible assets - such as a car - can be recovered or replaced if it is stolen. However, if a digital intellectual property is stolen, it may be inherently more difficult to recover. For example, if a person comes up with a great idea for a new invention and then someone else steals the idea - the potential profit of the invention may also be taken away. Similarly, if a digital recording of a new song is “leaked” on the Internet, thousands of people may download it and redistribute it to others. If this happens, the profit potential of selling the music may be substantially gone.
Due to its monetary implications, intellectual property is often used as a legal term to safeguard the rights of creators and inventors. For this reason, it has also become increasingly important to media production companies who need to protect the distribution of their digital media. By defining and establishing intellectual property rights, inventors and creators can have the legal protection of their ideas and have a greater amount of influence in the ability to protect their work. This…

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