1. Patents, copyrights, and trademarks, along with other measures, provide protection for the property rights arising in business. Why is it important to protect these property rights, and how does it help our society?
2. What process would an organization establish and maintain to minimize tort liability while still permitting the flexibility needed to conduct business? Can you think of examples of either opportunities for tort liability or ways to minimize that liability in your business or industry?
I'll address your questions one by one.
1) Most people don't know this, but intellectual property rights have been recognized since the Constitution was written! In Article I, Section 8, Clause 8, it reads, "the Congress shall have power ... to promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries." The idea behind a copyright, patent, or trademark is simple: Artists and creators should be able to enjoy the fruits of their labor for a ...
Tort, criminal, and property law issues are discussed.