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ABIGAIL BARRIOS ISAIAS CASTILLO ANA VARGAS Intellectual Property Rights and Software Piracy

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What is Intellectual Property Rights & Software Piracy? A legal concept which refers to creations of the mind for which exclusive rights are recognized. Common types of intellectual property rights include patents, copyright, industrial design rights, trademarks, trade dress, and in some jurisdictions trade secrets. Software Piracy is the illegal copying of software programs.

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Pros Its affordable/ free! Spend less money on movies. People with disadvantages are able to use high end software. Have the same experience as people who paid for the software.

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Cons The company loses money = company not being able to improve the software because of insufficient funds. Individuals or competitive companies can steal ideas. Not giving credit to the original producers. Wont help create or support jobs. Software piracy is illegal. ( Fines up to $93,500 and /or up to five years imprisonment for individuals. Fines are up to $467,500 and/or up to five years imprisonment for companies.)

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The Importance of IPR/ Software Piracy & Things that Surprised Us To ensure people are purchasing safe, guaranteed products. Products are authentic, high- quality, and protected.

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Bibliography Intellectual Property Licensing: Forms and Analysis, by Richard Raysman, Edward A. Pisacreta and Kenneth A. Adler. Law Journal Press, 19982008. U.S. Chambers of Commerce. (2009, December 28) Why are intellectual property rights important? Global intellectual property center. Retrieved Dec 28 2009, from http://www.theglobalipcenter.com