Answer each question with at least 200 words, no formatting needed:
1. In the Unit III Lesson, we stated real property or “realty” is land and everything permanently attached to it. That seems like a simple concept. Explain how the idea of mineral rights can impact you as a business person. Include information from our Unit Lesson and your personal experience.
2.In the Unit III Lesson, we explored Article I, Section 8, Clause 8 of the United States Constitution. The creators of intellectual property have some protection. Explain what you view as threats to intellectual property in today’s world economy. What are some examples where intellectual property is threatened? What are some protections in place to give creators of intellectual property some protection?
Answer preview
Intellectual property rights are majorly exclusionary, and therefore there are multiple safeguards laid down that accord IP owners protection. The protection regime tries to strike a balance between creating strict preventive measures that prevent infringement of IP rights and ensuring that everyone gets the chance to exploit the intellectual property rights. Once a person registers certain IP rights such as a trademark, they get exclusive rights over the said property. Nobody else can exploit the rights without the permission of the owner. When an intellectual property owner discovers that someone is illegally using their IP, they can approach a court and require them to cease infringing on their intellectual property rights. By protecting intellectual property rights, governments are allowing creators to reap the benefits of their investments.
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