Performance Activity #2 (2nd Quarter)- Intellectual Property Code
Intellectual Property is a right given to an individual that can be either an artist, inventor or author who created an original artwork, invention, literary art etc.It is protected by a law known as Republic Act 8293, or the Intellectual Property Code of the Philippines. It grants the rights of a creator or inventor to have a legal and registered ownership over his/her tangible or intangible ideas and concepts. The law protects the rights of investors, scientists and artists by providing penalties and appropriate sanctions to whoever tries to violate the law by infringing their rights through unauthorized copying or reproduction of their original work. The law classifies intellectual property into three types namely Copyright,Trademark and Patent. For example, if a certain brand logo is copied even not exactly but is indistinguishable from the original, the copyright holder can report the illegal copier and can be punished by imprisonment. Violations under the Intellectual Proper...