Assignment 2 ASSIGNMENT 2 Candidate Name Candidate Number Territory Date Tanesha Johnson 1003671206 Jamaica May 2024 Tanesha Johnson Assignment 2 Table of Content Intellectual Property Economic Rights Moral Rights Terminologies Plagiarism Ways to Avoid Plagiarism Bibliography 1 2 3 4 5 5 6 Tanesha Johnson Intellectual Property Assignment 2 Intellectual property is a broad categorical description for the set of intangible assets owned and legally protected by a company or individual from outside use or implementation without consent An intangible asset is a non physical asset that a company or person owns The concept of intellectual property relates to the fact that certain products of human intellect should be afforded the same protective rights that apply to physical property which are called tangible assets Most developed economies have legal measures in place to protect both forms of property Companies are diligent when it comes to identifying and protecting intellectual property because it holds such high value in today s increasingly knowledge based economy Also producing value intellectual property requires heavy investments in brainpower and time of skilled labor This translates into heavy investments by organizations and individuals that should not be accessed with no rights by others Extracting value from intellectual property and preventing others from deriving value from it is an important responsibility for any company Intellectual property can take many forms Although it s an intangible asset intellectual property can be far more valuable than a company s physical assets Intellectual property can represent a competitive advantage and as a result is fiercely guarded and protected by the companies that own the property 1 Tanesha Johnson Assignment 2 Economic Rights Intellectual property IP laws protect various economic rights that pertain to intangible creations of the human mind These rights are essential for incentivizing creativity and innovation by ensuring that creators and inventors can benefit financially from their intellectual efforts The primary types of IP rights that protect economic interests include 1 Copyright Copyright law protects original works of authorship such as books music movies and software 2 Industrial Designs Industrial design rights protect the visual design of functional products These rights allow designers and manufacturers to prevent others from making or selling products with similar designs giving them a competitive edge and potential for increased sales 3 Plant Variety Protection In the agriculture industry plant variety protection often associated with plant patents allows breeders to protect new and distinct plant varieties they have developed This protection can lead to licensing opportunities and increased revenue for those in the agricultural sector 4 Database Rights In some jurisdictions databases can be protected as intellectual property This protection may cover the investment made in compiling and maintaining a database granting exclusive rights to the database owner to control its use These economic rights granted by intellectual property laws are crucial for fostering innovation encouraging creativity and providing inventors creators and businesses with the incentives they need to invest time effort and resources into developing new ideas and products While these rights are important they are also subject to various legal limitations and exceptions to balance the interests of creators and the public 2 Tanesha Johnson Assignment 2 Moral Rights Moral rights are a special set of rights that are owned by the author or creator of a work by virtue of their role as the author or creator These rights allow you to protect the relationship between yourself and the work you have created Moral rights can attach to different types of intellectual property such as Literary works Artistic works Musical works Media works Moral rights allow you to protect the relationship between yourself and the work you have created Moral rights can be attached to different types of intellectual property such as literary works artistic works musical works media works and dramatic works Importantly moral rights do not attach to sound recordings 3 Tanesha Johnson This table shows Intellectual Property terms meanings and examples Terms Copyright Patent Industrial Design Terminologies Meaning Copyright is a type of intellectual property that protects original works of authorship as soon as an author fixes the work in a tangible form of expression A patent is a legal right to make or sell an invention for a certain period granted by a sovereign authority to an inventor Industrial design refers to the art or process of designing manufactured products Assignment 2 Examples Sony The Pirate Bay and Star Chamber iPhone Quadcopter Drone and Magnetic Levitation Apple products by Jonathan Ive Volkswagen Beetle by Ferdinand Porsche Walkman by Nobutoshi Kihara Citrus squeezer by Phillipe Starck Felt folding stool by Brett Mellor Coco Cola company NCB and IMB Trademark A trademark is an easily recognizable symbol phrase or word that denotes a specific product 4 Plagiarism Tanesha Johnson Plagiarism means using someone else s work without giving them proper credit In academic writing plagiarizing involves using words ideas or information from a source without citing it correctly Assignment 2 Ways to Avoid Plagiarism 1 Keep track of the sources you consult in your research 2 Paraphrase or quote from your sources and adding your own ideas 3 Cite the original author in an in text citation and in your reference list 4 Use a plagiarism checker before you submit 5 Quote your own work if you reuse it from another paper 5 Bibliography Tanesha Johnson Assignment 2 George T 2023 June 01 How to Avoid Plagiarism Retrieved September 19 2023 from https www scribbr com Jeremy Hoover 2020 10 Proven Ways to Avoid Plagiarism When Writing Retrieved September 19 2023 from https www wix com Will Kenton 2022 What Is Intellectual Property and What Are Some Types Retrieved September 16 2023 from https www investopedia com Unknown Author Date Unknown What is Intellectual Property Retrieved September 19 2023 from https www wipo int Nicholas Wells 2023 What are Moral rights Retrieved September 19 2023 from https wellsiplaw com Unknown Author Date Unknown Definition in the Cambridge Dictionary Retrieved September 19 2023 from PATENT definition in the Cambridge English Dictionary 6 Tanesha Johnson