Debate paper in intellectual properties Assignment

Debate paper in intellectual properties - Assignment ExampleIn the absence of these protection laws, individuals original ideas would be lift and exploited by unethical participants in a given economic environment (Gollin 23). Therefore, the concept of intellectual property proves advantageous in numerous ship canal includingIntellectual property in form of a patent protects an individuals or a companys original knowledge from duplicate 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 conviction (Tavani and Spinello 41). Currently, advancement in science and technology leads to a corresponding increase in inventions and related knowledge. These new scientific information and technological designs could offer large(p) benefits to business organizations upon application. Undeniably, an inventor or researcher responsible for development of a new piece of information may have invested intensively not except in terms of finances but also in labor hours. In this context, duplication of intellectual property without the owners permission would add together to an instance 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 trespass 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 $ cxx million in damages. In this context, existence of intellectual property rights prevented further exploitation of Apples patented information by its competitor.In another(prenominal) case, SanDisk is seeking to prevent exploitation of its flash memory cards by Apple Inc. Aside from being the plaintiff in Samsung vs. Apple case Apple Inc also infringes patents of other c ompetitors (Reed 01). As of September 2014, Apple Inc was being sued