Wednesday, May 6, 2020

Intellectual Property Laws Of Australia Essay - 2086 Words

Intellectual property is a broad term that is used to refer to the rights that the owner of an invention or an artwork enjoys. An example of intellectual property law is the Trade Related Aspect of Intellectual Property Rights (TRIPs), which gives individual rights such as patent, designs, and trademark. Intellectual property is contained in the Article 2(viii) of the convention, which led the establishment of the World Intellectual Property Organization (WIPO). Literary works, inventions, discoveries, trademarks, and industrial designs are among the rights that are provided in WIPO. Intellectual property in Australia has a strong judicial support. Introduction An effective system of intellectual property is important in facilitating innovation as well as economic growth within a country and across all its borders (Davidson, Monoti, Wiseman, 2012). The current global economy is concentrating more in the invention of ideas that are original, other than in manufacturing of machines. To enhance and protect these ideas, there ought to be effective intellectual property laws. The government of Australia has prioritized the protection of original ideas from individuals through copyright, patent, and trademarks among other intelligent property laws, which give the inventor a temporary period to enjoy the financial benefits of his or her original idea. The major purposes of intellectual property laws can be contested; therefore, they create areas of interest forShow MoreRelatedCopyright And Intellectual Property Are Still Valid1066 Words   |  5 Pagesdisagree that laws relating to copyright and intellectual property are still valid in social media? Copy right is the limited and flexible legal right, given to the creator for a fixed number of years, to print, publish, perform, film. The copyright law of Australia defines the legally enforceable rights of creators of innovative and artistic works under Australian law. 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