Advantages of Intellectual Property Essay Example | Topics and Well Written Essays - 1000 words

Advantages of Intellectual Property - Essay Example Firstly, it provides a legal protection against unscrupulous business owners who would wish to use ones idea and goodwill under someone or a business name. Certainly, the concept of property right rights is not a new concept in business laws. The use of trademarks such as logos, color codes and pictures by two different businesses has been a center of controversy that has resulted in numerous lawsuits (Stim 67). For instance, of the 23 cases on intellectual property that were filed in U.S courts 2005-2013, a total of 15 were decided in favor of the suit (Stim 69). Certainly, in an environment where the courts open orders retention of ideas to the original firm or person, it shows the effectiveness of the laws against duplication. Patents protection refers to the prevention of ones idea from being used by a second property without the owners knowledge or compensation. For entrepreneurs, the idea is a business and the need to protect it is as important as protecting a business. With increased competitive market demands, there is certainly increased tendencies duplication of another business. The patent laws offer protection against such unethical tendencies. Secondly, the protection of patents helps to enhance creativity in the economy through discouraging armchair duplication of already existing enterprises. While the laws of Intellectual Property (IP) may appear selfish and sometimes too harsh, the impact on the U.K economic growth has been tremendous.The IP-intensive industrial operations have consistently shown that stringent laws against ideas duplication has spurred creativity and subsequently economic progress. Notably, in 2010-2011 following the economic crisis in U.S, there was a 1.6% increase in employment in IP-intensive industries as compared to 1% in IP-non-intensive industries. In addition, by 2011 there was a remarkable increase in exports from IP-intensive

Constitutional convention Essay Example | Topics and Well Written Essays - 500 words

Constitutional convention - Essay Example by the bankruptcy it was steeped in, and could not afford to compensate the military for their services in the Revolutionary warfare, or settle the loans approved to finance the war effort. By 1786, United States was insolvent. Additionally, the liberal country experienced a lot more other challenges and threats. States were ravine with the war of economic bigotry against trade from other states. Southern states locked horns with northern states for economic benefit. The nation was badly prepared to fight a war; this prompted other countries to doubt whether pacts with the United States were really up to the task of the paper they were written on. Ever so, the American citizenry suffered from the indignant conceit, as European countries rejected the United States as a mediocre republic. America’s money lending class was deeply steeped in anxiety. It is these troubles existent in the Confederation of States which persuaded the Continental Congress, in the fall of February 1787, to convene for a conference of delegates to rally in May in Philadelphia (McClellan 1-2). For three and a half consecutive months throughout a sweltering, clammy Philadelphia summer, the delegates argued about outstandingly perceptive issues, including whether the national government should be permitted to sanction state laws and whether the states should be abolished. To hearten the delegates to articulate unequivocally, the Constitutional Convention seized astonishing foot paths to guarantee confidentiality. Guards were stationed at the doors of Independence Hall, and no replicas of the periodical were tolerable. Delegates were advised to raze their annotations (Linder 1). The Virginia Plan that was originally written by James Madison but offered by Edmund Randolph favored a national legislature separated into two houses, that is: the senate and the House of Representatives. Ideally, electorates in every state would vote members of the House of Representatives. Even more, the American