Intellectual property seems like a pretty silly thing to get worked up over, let alone copyright. However, people are being accused of intellectual property theft on a weekly basis. Intellectual property is a term used to refer to the creations of the intellect for which a monopoly is assigned to designated owners by law. Intellectual Property is used in aim to “Promote Progress” which is noted in the U.S. Constitution, which gives people the drive and motivation in order to achieve their goals. Intellectual property covers a variety of elements such as music through to original Youtube videos. Copyrighting intellectual property gives the person substantial rights to the subject in question however only for a limited amount of time.
One of the most famous cases in intellectual property infringement is one of which Mark Zuckerberg was accused of stealing the idea of the social network from brothers Tyler & Cameron Winklevoss and friend Divya Narendra. During this dispute, both parties agreed to keep the case a secret. However, once the case was closed it wasn’t long until the media got all of the details including how much Zuckerberg had to pay them in settlement to keep his website. The Winklevoss brothers and Narendra struggled with their case in 2004 due to the fact that they had never actually placed copyright on their idea and they were only in college.
Due to the stir that this case caused however, Zuckerberg paid the three, 20 million dollars in cash and then gave them a substantial amount of shares in the company. Its crazy to think that just because three young adults chucked a tantrum because another boy stole their idea and made it a reality when they couldn’t. Originality is a myth, every thing has been done before or if it hasn’t, someone else has had thought of the idea and just hasn’t had the resources or stability to be able to act upon it. Which i guess is why “Intellectual Property Copyright” is a law.