Intellectual Property Rights

In my understanding, intellectual property rights (IPR) is the official rights, resulted from the intellectual activity such as industrial, scientific, literature, and artistic. Each country has laws to protect the intellectual property, and there are also two main reasons to protect that intellectual property. First is to give statutory expression to the moral and economic rights of creators in their creations and the public rights in access to those creations. Then, the second reason is to promote, as a deliberate act of government policy, creativity and the dissemination and application of its results and to encourage fair trading which would contribute to economic and social development. The purpose of these rights is to protect the creators …show more content…
Industrial property rights include patents, trademark, trade secrets, industrial designs, and geographical indications. Industrial property is used for the industrial purposes. It comes in all shapes and sizes and covers a huge range of business types. Industrial properties can generally be broken down into three sizes of industrial types, which are small, large and enormous business. Small industrial sites include single or double-storey buildings zoned for industrial use. These often have flexible interior space, usually a mix of warehouse and office space. Flex spaces are used by small business such as mechanics, research laboratories and start ups. Large industrial properties include medium to large warehouses and factories that are designed to manufacture or store goods. They include distribution companies such as third party …show more content…
They both are selling the same kind of food, which is donut. But what make them different? Yes, their receipt. Their receipt is protected and kept away from other company. Therefore both Dunkin Donuts and JCo are able to have their own characteristics and charm. For example Dunkin Donuts do promote the freshness of their donuts, although it is protected, the main key of its company is able to be known by other company or even by public. This makes other people is unable to share freely the information of the company. Since it is protected under the law, sharing means violating the law. Although it is the former worker that works under the company before, they are restricted in sharing the information of the company as well once they are retired. The impact of violating is that either a company can be forced to shut down or even a person could be punished and