Intellectual Property Right and E-commerce

Intellectual Property Right and E-commerce

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Intellectual Property Right and E-commerce
Intellectual Property Right and E-commerce

It can take years to develop a great idea but it takes only movements to lose one”. This is the basic reason behind the rights which is provided for intellectual property.

Intellectual property is an intangible property which is result of human intellect or human creation. It has both moral and commercial values. It has basically comprised of

  • Literacy and artistic work (copyright)
  • Industrial property

 Intellectual property has copyright and associated right with it and the owner of such property can also draw benefits from it. Even though intellectual properties are intangible then also they have more importance than the physical property. This is the reason that there are many laws which provides IP rights and also protection to such properties.

Intellectual Property Right and E-commerce

Relation of intellectual property with e-commerce

Intellectual property and e-commerce both are important to each other. The main component of the ecommerce business is intellectual property as in e commerce we sold music, pictures, software design, training modules, and system etc for which intellectual property is the main component which is needed. Intellectual property is very important for trading things on internet and its protection is also important which is done through IP rights. 

Even intellectual property is indulged in working of e- commerce as all things which is needed for internet or which allows internet to function is a kind of intellectual property. For e.g. software, design, chips, networks etc. all are involved in working of internet which ultimately allows e-commerce to work.

Intellectual property rights provide benefits to e commerce as it prohibits disclosure of trade secret and as a result avoids unhealthy competition in market. So, we can say that IP acts as an intangible asset for ecommerce which is very important for it. In relation to intellectual property there are two areas which we should be concerned about-

  1. Protection of your own IP- one should protect his IP before disclosing it to anyone else.
  2. Violating someone else’s IP- This is a very common mistake done by people that they think whatever is available on internet is free for them. Before using any IP one should ensure that property is his own or he has expressed permission to use it or such IP is for public or it is covered under fair use.

Importance of IP rights in protection of your websites

IP rights also provide protection to e-commerce as they are useful in protection of websites. For this we have to firstly protect our IP rights by-

  • Registering our trade mark
  • Registering our domain name
  • Registering our website and copyright material
  • Necessary precautions for disclosure of trade secret
  • Taking IP insurance policy

other ways of protecting your website by IP is-

  1. Make sure that people know that your website is protected by IP rights
  2. Make sure that people have knowledge about what content can be used by them
  3. Make sure that u have control and asses of your website content.

So, in such manner IP and e-commerce are related to each other as they are two sides of same coin.

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