Learning Outcomes
- Explain the purpose and characteristics of intellectual property law
- Explain patents
- Explain copyrights
- Explain trademarks
Introduction
To this point we have discussed laws governing people and things, but what about laws protecting knowledge or ideas?
The notion that knowledge is valuable goes back to ancient times. In the 1st century AD, Juvenal (55–130) observed, “All wish to know but none wish to pay the price.” However, the value of knowledge in an economic or business sense—knowledge recognized as a type of asset or property that one might wish to protect—is much more recent, dating back to the seventeenth century or so (the Statute of Monopolies [1624] and the British Statute of Anne [1710] are seen as firmly establishing the concept of “intellectual property”). Since then, a special body of law concerning the protection of knowledge and ideas has developed. Known as intellectual property law, these laws cover intangible assets such as patents, trademarks, and copyright.
What Is Intellectual Property?
Candela Citations
- Revision and adaptation. Authored by: Linda Williams and Lumen Learning. License: CC BY-SA: Attribution-ShareAlike
- Check Your Understanding. Authored by: Lumen Learning. License: CC BY: Attribution
- Solar Puff. Provided by: Engineering for Change. Located at: https://www.flickr.com/photos/44221799@N08/15298181166/. License: CC BY-SA: Attribution-ShareAlike
- Knowledge Value. Provided by: Wikipedia. Located at: https://en.wikipedia.org/wiki/Knowledge_value. License: CC BY-SA: Attribution-ShareAlike
- What Is Intellectual Property and Why Do I Care?. Authored by: docstocTV. Located at: https://youtu.be/rDKxuTi2Cmk. License: All Rights Reserved. License Terms: Standard YouTube license
- Copyright Basics. Provided by: US Copyright Office. Located at: http://www.copyright.gov/circs/circ01.pdf. License: Public Domain: No Known Copyright
- General FAQs. Provided by: US Patent and Trademark Office. Located at: https://www.uspto.gov/learning-and-resources/general-faqs#1177. License: Public Domain: No Known Copyright