If you come up with a unique, innovative work, it is crucial to protect it properly. The purpose of intellectual property laws is to help creators protect their work and make sure that no one else steals it. Copyright falls under the area of intellectual property. Luckily, most IP laws are favored towards the holder, not towards the general public. It is not surprising and it is entirely reasonable, as inventors came up with an innovative idea and should have every right to decide what they want to do with it.
Copyright and patent protection have an important role in the process of stimulating intellectual works. Many people wouldn’t be motivated to pursue their dreams and ideas if they knew that they won’t have anything to gain from it. Also, without the protection laws, other people would be able to exploit these works with ease, without paying any remuneration or royalties to the owner of intellectual works. Therefore, IP laws create a favorable climate to motivate people to invent as much as they can, and they stimulate economic development and activity.
Advantages of Intellectual Property Protection
There are a few types of IP, but we will discuss only copyright in this article. If you have no idea what is the benefit of copyright protection, here is an explanation. The primary advantage is that a holder will have the right to determine how the work will be used, adapted, and who can financially benefit from it. Protecting your intellectual work is quite beneficial as you will have all the control over who uses it.
Another benefit is that you will prevent the third party from using it. Once you obtain a copyright, it will be possible to prevent other people from using it if they don’t have your permission. In case a violation of your rights occurs, you will be able to hire a lawyer who specializes in these cases and who will help with taking legal action. Additionally, you can file a claim for damages. If the violation of your rights leads to financial or irreparable damage to the copyright, you will have every right to seek the legal remedy.
Another benefit is that you will be able to lease or even sell your invention if you want to. It is possible to lease your registered intellectual work to third parties and still retain the legal ownership and moral rights over the original creation.
Finally, you will receive financial gain from third parties for the rights to use your intellectual work. You can also obtain profit through royalties. As you can see, having your work registered is worth it. Not only you will be in control of the use, but also you will financially benefit from it and have a complete control. If you fail to obtain copyright, and someone else steals your work, you won’t be able to do anything about it. Don’t risk something like this happening to you; protect your ideas instead.