Discuss a current ethical issue in the business world that arises out of intellectual property. Research and discuss at least one case to illustrate the ethical issue. Some questions to consider include:
- Why is it important to protect intellectual property?
- How can intellectual property be protected?
- Do intellectual protections ever go “too far”?
- What is the proper balance between content producers and the public good?
Your well-written paper should be 3-4 pages in length, not including the title or references pages. Include a minimum of two scholarly sources beyond the textbook.
Explanation & Answer
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Running head: DISCUSS A CURRENT ETHICAL ISSUE
Discuss a current ethical issue
DISCUSS A CURRENT ETHICAL ISSUE
All the creations of the minds are usually described as intellectual property. These
creations include symbols, inventions, designs, images, literary, names and artistic works
that are used in commerce. It is essential for the entrepreneurs and the business owners to
understand the basics of the intellectual property law so that they can effectively protect
their ideas and hard-earned creations from unfair competition in their industry. Business
can be protected by the following four forms of intellectual properties: trademark, patent,
copyright, and trade secret. The protection of these intellectual properties is essential
because it will safeguard the business activities of research and development of new
products. Businesses, for example, uses a trademark in creating a differentiation of the
source of goods of one business from that of its competitors. Trademark is usually in the
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