Debate paper in intellectual properties Assignment

Debate paper in intellectual properties - concession ExampleIn the absence of these protection laws, individuals original ideas would be plagiarized and apply by unethical participants in a given economic environment (Gollin 23). Therefore, the concept of intellectual retention proves advantageous in numerous ways includingIntellectual place in form of a palpable protects an individuals or a companys original knowledge from duplication by competitors and other unethical parties. Fortunately, the government issues patent owners with the sole right to use an underlying intellectual property for a specified period of time (Tavani and Spinello 41). Currently, advancement in science and technology leads to a agree increase in inventions and related knowledge. These new scientific information and technological designs could offer great benefits to line of reasoning organizations upon application. Undeniably, an inventor or researcher responsible for development of a new piece of inf ormation whitethorn have invested intensively not only in terms of finances but overly in labor hours. In this context, duplication of intellectual property without the owners permission would amount to an obiter dictum of economic exploitation. Therefore, intellectual property rights are instrumental in preventing exploitation from competitors.In March 2014, Samsung and orchard apple tree Inc ended a patent infringement dispute in court. Allegedly, Samsung duplicated the slide to unlock feature of galaxy Nexus smart phones without permission from the features inventor, Apple Inc. Consequently, Samsung paid Apple $120 one million million million in damages. In this context, existence of intellectual property rights prevented further exploitation of Apples secure information by its competitor.In another case, SanDisk is seeking to prevent exploitation of its flash memory card game by Apple Inc. Aside from being the plaintiff in Samsung vs. Apple case Apple Inc also infringes pat ents of other competitors (Reed 01). As of September 2014, Apple Inc was being sued