Intellectual Property, Copyrights and Royalties.

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WIPS Global Blog

Have you had troubles with Copyrights and royalty?  

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Attribution 2.0 Unported (CC BY 2.0)

Royalty is a payment made for the property, especially a patent, copyrighted works. The amount of royalty is usually a percentage of revenues obtained through its (the item or works) use. Before use copyrights works, you need to careful and search for what’s the procedure or the terms of use.

Copyright law gives the owner all the right to protect from copying, creating derivative works, or using their works or ideas by other users. Like patent rights, it is divided in many different ways, by the right implicated, geographic or market territories, or criteria.

Intellectual property (IP) is for any creative work or inventions considered to be the property of its creator. Intellectual property rights are recognized and protected under the law, the owners are admitted some rights, such as publishing to markets, license the manufacture and distribution of inventions, and sue when unlawful or deceptive copying has came out. 

Then when did these patents and law start? 

It’s always fun to know the histories. The patents and patent laws are considered to have started in Italy with a Venetian Statute of 1474 which was issued by the Republic of Venice. (Patents, however, existed before the Statute of 1474.) They issued legal forms to new and interesting devices which invented by its creators, once they put into practice, had to be communicated to the Republic to obtain legal protection against stealing same ideas. The protection period was 10 years. 

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