Running head: ETHICS AND INTELLECTUAL PROPERTY1Ethics and Intellectual PropertyKate PhillipsMGT320 – The Legal and Ethical Environment of BusinessColorado State University – Global CampusKenneth HoganJune 18, 2017
ETHICS AND INTELLECTUAL PROPERTY2Ethics and Intellectual PropertyIntellectual property are creations of the mind. Some examples of intellectual property are ideas, artwork, inventions, books, and much more. Intellectual property is protected in various ways through laws. It begins in the Copyright Clauses of the Constitution, according to Lau and Johnson (2011). There are many different forms of intellectual property and the differences provide variances from the laws that govern the property. Regarding the law, intellectual property is treated similarly to tangible personal property, such as a car.It is important to have laws governing the protection of intellectual property because it can be the most valuable property that someone has. It would be considered unfair and illegal if someone steals a car, so it should also be illegal if someone steals an idea that did not belong to them. Inventors and authors can spend years perfecting a literary piece or a specific method, andno one should have the right to use those ideas to their advantage unless the creator has given their permission. There are federal and state laws that govern the different types of protections.There are many different forms of protection for intellectual property. The first method isthe patent. Patents are issued for the protection of inventions.