Business Ethics

Running Head : Do Free Markets Need tart attributeThere is no need for laws protecting intellectual property as free market theory suggests that free markets and not rule produce the most efficient outcomesThe first item that collect a clear definition is intellectual property match to the World Intellectual position Organization (WIPO Intellectual Property (IP ) refers to creations of the minuted inventions , literary and artistic works , and symbols , names , images , and designs practice in commerceIP is further divided into two convocations . The first class is industrial property , which includes patents , trademarks , industrial designs , and geographic indications of source . The min group is Copyright which includes literary and artistic works . Examples of copyrightable bodied argon novels , poems , music al works , paintings and recordingsThese two groups atomic number 18 saved by various laws all over the world . In fact several treaties and conventions with several countries as signatories have quiet emphasized the importance of intellectual property protection .

solely about of these are The Berne Convention for the Protection of literary and nice Works and The Paris Convention for the Protection of industrial PropertyAs with some(prenominal) laws , intellectual property laws have both advantages and disadvantages . The main advantages are that without intellectual property protection the flow of intellectual creations , of whatsoever nature , whether industrial or ! copyright is instantaneously operative for consumption of the general public . There will be no laws that protect the right of the creator to exclusive implement of his intellectual creation This means that inventions will be presently accessible to the...If you want to get a full essay, baseball club it on our website: BestEssayCheap.com

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