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IP rights such as copyright and patent give creators the exclusive to ascribe value to and derive income from their creations. For copyright, this may allow a writer to quit his day job, or a band to come out of the garage and go on tour. For patent, particularly in pharmaceuticals, it gives the company that funded the development of the product at least a fighting chance at recouping the millions of dollars they invested in research. Without these protections, there would be a significantly reduced incentive to create. Trademark (as well as trade dress) is a little different. The point there is to reduce fraud in the marketplace by ensuring that the big red-orange jug marked "Tide" really is Tide detergent, and not some cheap knock-off. It may seem that trademark laws benefit the companies and products, but in the end, trademark protects the consumer. To protect someone's work

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8y ago
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12y ago

The objectives of a basic intellectual rights course are most likely to teach the differences between various types of IP, understand the intent and impact of both abiding by the laws and breaking the laws, and perhaps a discussion of how to license others' intellectual property, as well as when a license is not needed.

Objectives for your specific course should be noted in the syllabus.

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13y ago

"To promote the advancement of science and the useful arts."

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Q: Why are intellectual property rights needed?
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