Essay on Intellectual Property Is Essential For Health Care

1532 Words Jul 6th, 2015 null Page
Assignment 4

Introduction

Intellectual property is intangible items such as computer software, a formula, any invention, and other items that an individual, university, or corporation claims they own (Shamoo & Resnik, 2009, p. 167). Therefore, there are different types of intellectual property rights that are recognized by the United States law (Shamoo & Resnik, 2009, p. 173). Consequently, laws pertaining to intellectual property rights have only been implemented since the 1980s, which these laws are of the Boyh-Dole Act of 1980 and the Technology Transfer Act of 1986 (Shamoo & Resnik, 2009, p. 170). As a result, intellectual property can have huge financial implications on healthcare research and pharmaceutical companies. Therefore, it is essential to understand the advantages and disadvantages of intellectual property. Overall, researchers are obligated to use the highest standards when researching, reviewing, and reporting research or while they are mentoring junior investigators (Horner & Minifie, 2011). Therefore, intellectual property knowledge is essential for health care researchers. After all, the movement of research from the laboratory to the patient often requires the use of intellectual property rights (Patino, 2010). The purpose of this paper is to compare and contrast intellectual property.
Patents: Overview
A patent is one type of intellectual property recognized by United States law and granted by the United States Trademark Office (Shamoo &…

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