Intellectual Property
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| 02-10-09 | 4 | 1\1 |
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The phrase "Catch 22" was coined from the book of the same title that was published in the early 1960's, where fighter pilots were forced to fly deadly missions. The only way to get out of those missions was to be certified as crazy and ask to stop flying; however, the act of asking to stop flying showed rational self-preservation - hence the asker wasn't crazy and had to keep flying. A similar sort of legal circular reasoning is disected in a book titled Intellectual Property. In it, author Paul Goldstein discusses the four main types of U.S. intellectual property (IP): patents, copyrights, trademarks and trade secrets. Obviously these assets have value, but the question is how to protect these assets. It's this effort to preserve the value of intangibles that drives the "IP paradox" or "Catch 22" -- where property rights are given to IP owners, while harming those who can't pay for access to the assets but helping those who can pay -- Goldstein notes this inconsistency tends to vary further, country-by-country. Soundview recommends this book because the author deftly navigates this "Catch 22" hodge-podge of legal landmines to help illuminate the path to intellectual property protection and utilization.
(Review Data Last Updated: 2009-08-03 12:12:44 EST)
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