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This paper aims at spelling out tangible and intellectual property in the information technology. It also keeps track of what the managers in the field of information technology should do to shield the property rights of the organization and also what they should do to ensure that the industry protects the intellectual rights of its competitor. Tangible is material existence that can be touched.
In information technology, we have the physical existence of computers and the computers peripherals’ attached to it which forms the entire information technology. An intellectual property right has a highly developed knowledge which protects the property. Intellectual property in the field of information technology refers to creations of the mind which includes inventions of an official document conferring a right or title, especially the sole right to make, use or sell the specified invention.
Tangible property in Information Technology
Computers which makes up the tangible property comprises of the hardware attached and the installed software in it. The hardware includes the input and output peripherals. The input devices are the keyboard; mouse, etc while the example of output device being the output screens. For the information technology industry which its main role is to designs, manufacture, and sell computers, the managers need to protect the intellectual properties such as the name of the brand they make.
The past, present and future information technology designs of entire tangible hardware must also be protected from exploitation by selfish individuals who can pirate the copyrights of the property (Schechter, 2003). This presentation will highlight on both intellectual and property rights of the information communication industry while taking note of the present age factor where knowledge and skills are critical.
Intellectual property in information technology
It is critical to recognize that intellectual property refers to the creation of mind consequently intellectual property rights defend the concern of creators by giving them the property rights over their creations (Schechter, 2003). Examples of the intellectual property which managers must show concern or are the patents, copyrights, secretes related to trade and ultimately well-known term of the trademark.
Firms in the industry of information technology through their managers, who are guardians, must provide defenses against any person tampering with the patent. Any business establishment is deemed to operate into foreseeable thus managers must strategize on how to handle risk which may feature while a business is in progress.
The computer software’s produced by the industry should be protected by copyright laws for which the right owner has the right to allow or stop certain facts about the industry work. One of the approaches to use in protecting the intellectual rights of the industry is by use of names and brands that have been trademarked.
The tangible and property rights of the information technology industry should be protected to avoid the infringements of the rights in relation to the owners. The copyrights board of the United States is responsible for protecting the industry. Managers must understand these rights and obligation if the continuity of the industry is predictable. Copyrights and patents constitute the legal parts of the property rights and need to be recognized by managers who focus on achieving their development goals and objective.
Patent or copyrights do not protect the physical component but the idea behind the formulations for the ideas. As noted in the text, the motivating factor to the use of patent and copyrights is the need for financial and economic growth and development.
Schechter, R., & John, R. (2003). Intellectual Property: The Law of Copyrights, Patents and Trademarks. New York: West/Wadsworth publishers.