Intellectual property

As we known, intellectual property is something unique that is physically created. For example, copyright starts as soon as a work is physically recorded, saved or typed. A writer enjoys copyright after his/her work has been typed, a singer, after his/her song has been recorded…

China has become more encouraging of innovation through increased enforcement of intellectual property rights. To solidify its position in the global intellectual property market, China joined WIPO in 1980 and the Paris Convention on Industrial Property in 1985. Additionally, China signed the Patent Cooperation Treaty in 1994, registered all trademarks with the International Bureau of the World Intellectual Property Organization (WIPO) in 1990, and became a member of the World Trade Organization…

Intellectual property is the ownership of the products of one’s mind. “Of significant concern to businesspersons is the need to protect their rights in intellectual property, which in today's world may exceed the value of physical property, such as machines and buildings.” Cross, F. B. (2015) Products of the mind, without having even begun can be more valuable than current assets, intellectual property can mean the future success of a company. In the case of Marvel Worldwide, Inc. v. Kirby the…

Ethics and Intellectual Property 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…

The definition of Intellectual Property Rights is an invention created from a person or company’s idea which is then patented for the legal rights to the concept. The apex of the amalgamation of Intellectual Property Rights and the global south is during a September 1986 meeting with the GATT member states in Punta del Este, Uruguay. The Quad (United States, Europe, Canada, and Japan) wanted to push an idea during the eight round of discussions that, “to preserve as much as possible their…

Intellectual property rights help to regulate creative labour. They can include, patents for inventions, and trademarks to help protect market share. They can also refer to copyright; ‘literary works (such as novels, poems and plays), films, music, artistic works (e.g. drawings, paintings, photographs and sculptures) and architectural design’. Intellectual property rights grant owners exclusive rights. These rights enable them to carry out specific acts, while at the same time, excluding…

According to World Intellectual Property Organization, a trademark can be defined as "any sign that individualizes the goods of a given enterprise and distinguishes them from the goods of its competitors." The trademark of Magic Wand Remote Control will be the diagonally slanting picture of a magic wand in a rectangular box. The rectangular box will also display the small pictures of electronics and electrical items in the background. The trade mark will connect to the potential customers as…

Intellectual Property may be defined as; “any product of human intellect that is intangible but has value in the market place.” It is the creative products of the mind which includes; literary and artistic works, inventions, names, images, symbols and designs used in the market place. These works may comprise every production in the literary or artistic field, whatever form and includes books, lectures, music or drawings etc. As a result of their intellectual creative process, they are…

Intellectual property has become a vital role with the rapid pace of technological, scientific and medical innovation that we are witnessing nowadays. Moreover, changes in the global economic environment have influenced the development of business models where intellectual property is a central element establishing value and potential growth. Intellectual property has therefore grown into one of the world’s biggest and fastest-growing fields of law thereby necessitating the demand for IP…

Facts: Your friend stole the money from his employer last year and he promised he would pay back them all with interest, however, you don’t know he returned or not. And now he is searching for some ways to exclude the amount from his taxable income. Question: • Whether the $175,000 is illegal or not • Whether the $175,00 is taxable or not • If your friend paid them back with interest, is there any way to exclude the amount from taxable income. • Is there any way to deduct the taxable income…