- November 26, 2015
- Category: Latest
Why bother with intellectual property laws?
What exactly is IP in Australia (Intellectual Property) and why is it so important? You may have heard about it being mentioned in movies, books and movies but what is intellectual property really all about? While the idea of property can be easily understood as any material possessions belonging to someone; but what of intellectual property?
Now while intellectual property isn’t anything tangible, it’s theft can prove to be just as devastating. Intellectual property is basically anything that came to exist as a result of one’s creativity. This includes designs, stories, scripts, music, ect to which the creating party has rights for. Practically anything that realized in form from one’s idea – all these is collectively known as “IP” and covered by intellectual property laws.
Why are IP laws so important?
Indeed intellectual property revolves around ideas; the subject of IP laws certainly has its challenges. For one thing, the theft or duplication of intellectual property is a lot easier to pull off. Consider the fact that illegal copies of movies can be downloaded off the Internet shortly after it’s release causing significant losses to film industries around the world. It happens more often than you might think.
How would you feel if you’ve spent thousands of dollars realising an idea only to have somebody else rip it off and reap the rewards of your hard work? That’s exactly the kind of situation IP laws in the country are intended to prevent ensuring that the rights of rightful owners remain protected and secure adequate compensation for any losses suffered. If you’ve invested a great deal turning your idea into a reality then all the more reason to pay special attention to your intellectual property rights.
Need help from one of the finest IP lawyers in the country? You can expect nothing less out of Shelston IP! Call us today on +61 2 9777 111 and discuss your needs with experienced and highly accomplished experts when it comes to IP in Australia! Visit us at http://www.shelstonip.com/services/intellectual-property-and-commercial-law/copyright/ to learn more about copyright law in Australia.
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