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Music Industry Intellectual Property in ChinaCollective Management Organizations in China: Practice, Problems and Possible Solutions - Term Paper Example

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Intellectual property rights (IPR) can be described as the legally recognized and exclusive policies to the various creations of the human mind (Stoll, 2009). Under these rights, the particular owners are often given specific and exclusive rights to various innovations that they…
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Music Industry Intellectual Property in ChinaCollective Management Organizations in China: Practice, Problems and Possible Solutions
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Music Industry Intellectual Property in ChinaCollective Management Organizations in China: Practice, Problems and Possible Solutions

Download file to see previous pages... It is important to note that many of the rules and policies that govern the full implementation of IP rights have been changing over the ages (Stoll, 2009). The term intellectual property began getting active use in the 19th century. In the 20th century, the term became profound in the global market place and in many countries of the world (Raju, 2006).
In this case, some people may want to reproduce patented works of artists with the aim of benefiting from their sales without the consent of the original creators. People found going against the policies of intellectual properties often face stiffer penalties in courts of law. This paper examines the concept of copyright law in the Chinese republic and the efforts put in place to ensure that creators of original content in any country benefits from their mental creations.
The protection of intellectual properties is an important practice that has to be carried out by entrepreneurs, who use their mental energy to create and develop innovations that influence social and economic functions at individual and corporate level (Mario, 2010). These rights are important in protecting inovators against competitors, who often may want to copy and implement ideas directly from other businesses. This makes it easy for the entrepreneurs to get back their invested costs in the development of the particular ideas and concepts.
Intellectual property rights play a leading role in ensuring that businesses can maintain their long desired and deserved competitive advantage. IP rights that have been registered are important to entrepreneurs because they can get financial advantages from the ideas and concepts they develop. The continouss revenue enables the industry to keep their business in operations for the future (Mario, 2010).
Additionally, registered IP rights are important assets to the business. It can be used to bargain for additional funding from financial institutions and ...Download file to see next pagesRead More
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