In today ’s economic environment‚ intangible assets are becoming increasingly important. These assets which are the result of human intellectual creative activity such as artistic creation‚ know-how‚ design‚ and invention are known as "intellectual property." “Among the forms of intellectual property specifically entitled to legal protection are inventions‚ trademarks‚ designs‚ literary works‚ layout-designs of integrated circuits and trade secrets. As the volume of trade in goods and services involving
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Plaintiff Patrick Cariou sought summary judgement on the issue of liability of copyright infringement. Defendants Richard Prince‚ Gagosian Gallter‚ Inc.‚ and Lawurence Gagosian sought a determination that their use of Plaintiff’s copyrighted photographs was a “fair use” under the relevant section of the Copyright Act‚ 17 U.S.C. §§ 107 (1)-(4)‚ and that the Plaintiff’s claim for conspiracy to violate his rights under the Copyright Act is barred by law. The Second Circuit Court found (1) that Defendants’
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intellectual activity‚ hence‚ we can classify them into three distinctions; patents‚ copyright and also trademarks (Cronk‚ Hill and Wickramasekera 2011‚ pp 258-262) . •Patents are a legal device that grants the inventor of a new product or process exclusive rights for a defined period to the manufacture‚ use or sale of the invention. (Our products designs/prototypes‚ manuals and also applications/programs for products) •Copyrights are exclusive legal rights of authors‚ composers‚ artists and publishers to
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Verdict Overturned on Appeal M International (“M”) and W Inc. (“W‚” a competitor of M) have been engaged in long- standing litigation over a specific patent infringement matter. Below is a summary timeline of specific events that have taken place related to this matter: In May 2007‚ W filed a claim against M for patent infringement. For the year ended December 31‚ 2007‚ management of M determined that a loss for this matter was probable and represented that the estimate of loss was in the
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and novel works indicating ownership of a particular right. Intellectual Property Rights are customarily divided into two main areas; these are Copyright and rights related to copy right Industrial Property Copyright This is the legal term describing rights given to creators for their literary and artistic works. The goal of copyright law is to encourage authors to
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to and harm from the law or action challenged to support that party’s participation in the case. When it comes to the right of standing in cases related to patented technology‚ it becomes more complicated than just being able to prove that the infringement harms the party‚ he should also have all the rights of the patented technology to be eligible to sue. Let us suppose a researcher patents a new technology. Sensing its usefulness in industry‚ the licensor grants to a major corporation an exclusive
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Intellectual Property (IP) IP as a general term refers to the subject matter of the laws that give rise to proprietary interests in creations of the mind. The various tools of IPR that are used to protect innovations are Copyrights‚ Industrial Designs‚ Data Protection‚ Geographical Indications‚ Patent and Trademark. Introduction to Intellectual Property Rights (IPRs) In earlier times‚ the concept of property meant something tangible. Man used to be in possession of property and property
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The impact of Computing on Intellectual Property Rights Barry Rhoden Vector Technology Institute Abstract The digital age has revolutionized the way things are done; some changes are subtle whilst some include a whole paradigm shift. One area that has regressed with the arrival of contemporary computing is intellectual property rights. Today’s information systems are taxing and challenging existing laws and social practices that protect private intellectual property. Unlike the industrial age
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Case Analysis: Taiwan Semiconductor Manufacturing Co. v. Semiconductor Manufacturing International Corporation Name: Po-Lin Chiang MBA 511: Law for Global Business Instructor: Robert Richards Date: March 7‚ 2013 Abstract Every trade act can cause many different issues. As a result‚ every company needs laws to protect their right when they are doing with other. In addition‚ every country has different law for these business acts. People need to deeply understand the causes and consequences
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copies of movies becoming available on the Internet prior to their U.S. theater release (Seiler and Snider 2003) Piracy is the unauthorized use or reproduction of music‚ movies‚ books‚ and other types of content that are granted protection under copyright law. This kind of protection typically gives the owner of the content the exclusive right to perform certain actions on the content or to authorize others to do so. We recognize that determining whether an action is
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