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Intellectual Property Rights Drive Innovation for the Greater Good

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Submitted By Angelo9
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Intellectual property rights drive innovation for the greater good
Professor Kevin Fandl
Legal -210
May 24, 2011

Are intellectual property rights necessary to help drive innovation? Offering protection under the law for one’s own idea or creation fuels interest for those to attempt to bring ideas to life. Some may feel that anything created to benefit society is part of an obligation to mankind. In addition, some feel that contributing to a society in which you are already privileged to live in should be reward enough. Both arguments for profit and simple recognition hold weight. My argument is that both are necessary to drive innovation in society, and that the individual has the right to be recognized and or to profit for any intellectual property they create.
Intellectual property as described on the World Intellectual Property Organizations website is defined as, “Creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce” (WIPO, 2011). There are two sections devoted to Intellectual Property industrial property and copyright material. Copyright material may include photographs, paintings’, and written songs for example. Industrial property refers to inventions, patents and trademarks.
In the article, the Upside of Intellectual Property’s Downside two arguments are presented. Contrary to my argument that intellectual property does motivate innovation that benefits society, the article shades light on the downside that is very controversial on intellectual property protection. Not all innovation is viewed as contributing to the greater good. Benefiting from such protection and monetary gain with things such as certain drugs, and pornography actually increases potential harm to society from its very existence. Bad or good an idea, invention or creation of any kind that is attempted to be

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