Essay on Ethics And Intellectual Property Case
Intellectual property is “intangible property, the product of human ingenuity, protected by law” (Lau & Johnson, 2015). Intellectual property includes things such as ideas, a title, a patent, or a trademark. There have been many court cases documented on the issue of intellectual property along with some ethical concerns that accompany. Some familiar cases are the Kellogg Cereal Shredded Whole Wheat cereal idea, the debate of who is rightfully the father of calculus, and the rights to music. Who owns an idea?
Consequently, the owner of an idea would be the person that came up with or invented a product, or is it the first person to deem it as intellectual property by seeking a patent or a copyright for the invention. Intellectual property includes “patents, copyrights, trademarks, and trade secrets” (Forbes, 2014).
Intellectual Property Court Case
First, the intellectual property case that I researched is the Adidas America filed against Payless Shoesource for selling shoes with stripes that replicate the same stripes that Adidas has trademarked. The case of Adidas versus Payless began in 1994, the dispute over stripes ended in a $304 Million judgment (Kenyon, 2009). Adidas feared that Payless’ style of shoe mimicking the stripe design of Adidas may tarnish their name. Payless ended up owing damages for each stripe.
Protecting Intellectual Property
It is important to protect intellectual property to avoid any harm done to the existing…