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Quarter 4 - Module 3: Intellectual Property Rights (IPR)
Quarter 4 - Module 3: Intellectual Property Rights (IPR)
EXAMPLES: Coca-Cola’s recipe for its Coca-Cola is one of the most famous
trade secrets in the world. It’s a trade secret because only a select few within
the Coca-Cola Corporation know the exact recipe for the soft drink Google’s
algorithm for its search engine is also a very valuable trade secret. Google
uses an algorithm that ranks websites based on many factors including
inbound links, page rank, relevant text, anchor tags, etc. processes that Intel
uses to make its integrated circuits for computers. Intel likely has patents
on many of these processes, but certain aspects of the processes may very
likely not be patented and are simply left "secret" to others
Importance of Intellectual Property Rights
1. Money related benefit is the foremost critical motive behind man’s
tireless work, innovativeness and inventiveness.
2. One of the issues is the legal characterization of the modern
innovation with the approach of biotechnology.
3. It is created to protect the rights of the individual to enjoy their
creations and invention.
4. Created to ensure protection against unfair trade practices.
5. To assure the world a flow of useful, informative, and intellectual
works.
6. To encourage the continuing innovativeness and creativity of
owners of Intellectual Property.
Infringement, Misappropriation, and Enforcement of IPR
Violations of intellectual property rights, called “infringement” with respect to
patents, copyright, and trademarks, and “misappropriation” with respect to trade
secrets, may be a breach of civil law or criminal law, depending on the type of
intellectual property involved, jurisdiction, and the nature of the action.
Patent Infringement
It is typically caused by selling or using patented invention without the
permission of the patented holder. The scope of the patented invention or the
extent of protection is defined in the claims of the granted patent.
Copyright Infringement
Copyright Infringement is reproducing, distributing, displaying or performing a
work, or making derivative works without permission from the copyright holder,
which is typically a publisher or other business representing or assigned by the
work’s creator. It is often called “piracy”. Enforcement of copyright is generally
the responsibility of the copyright holder.
Photographer Art Rogers shot a photograph of a couple
holding a line of puppies in a row and sold it for use in
greeting cards and similar products. Internationally,
renowned artist Jeff Koons in the process of creating an
exhibit on the banality of everyday items, ran across
Rogers’ photograph and used it to create a set of statues
based on the image.