Intellectual property rights Essay

585 Words3 Pages
What is the Price of Intellectual Property Rights for Others? Would you prefer exploiting the public benefit for the individual profit of an innovator, or ignoring the innovator’s individual profit for the benefit of the whole society if it is not possible to find a midpoint? For those who prefer exploiting the public benefit for the sake of the innovator, there is the legal system of Intellectual Property. This system can specifically be defined as “a board collection of rights relating to such matters as works of authorship, which are protected under copyright law; inventions, which are protected under patent law; marks, which are protected by trademark law; as well as trade secrets, designs and other related rights” (Export.gov, 1). Yet, even if the intellectual property rights have been developed in order to protect inventors and give them incentives to produce more products for the future, they are not justifiable because they also cause undesirable impacts such as the monopolization of industries, the subordination of social utility, and the temptation of many into intellectual piracy. (Good) First of all, even though intellectual property rights (IPRs) are for protecting the innovators by giving them incentives and sovereignty, there are still some reasonable drawbacks for both points. First, proponents of IPRs argue that these rights are essential because they provide the innovators with incentives for creating new intellectual products. According to their claim, the underlying reason for creating products is the incentive and it can be possible only with the reward that intellectual property system supplies for innovators. However, Even if these people regard rewards as the unique encouraging purpose, most creators are motivated not by rewards but by their own intrinsic interest (Evans, 48). Of course the intrinsic interest is a logical reason to be
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