The Challenges to IPR Posed by the Internet Term Paper

The Challenges to IPR Posed by the Internet - Term Paper Example The Internet has revolutionized the availability of information and legal boundaries of digital property have been subject to increasing uncertainty in a knowledge-based economy. Information is the new mantra that spells success in the modern world. Intellectual capital is important and the use of business worldwide webs spells power. Before the advent of the Internet and technology, it was physically a tedious job to reproduce and distribute plagiarized copied of copyrighted works in a physical environment and making of such copies was also a relatively expensive process. However, as Lawrence Lessig points out, the online environment is so structured that a page can be copied without leaving a trace so that the footprints of the pirate are difficult to track.   Hannabuss has highlighted the ethical issues that arise in the realm of intellectual property because through the facility of the Internet,   infringement has become increasingly easy, and it is a simple matter to â€Å" pass off† someone else’s creation as one’s own. IP rights that were once deemed to be adequate to exercise the right mix of control between preserving the creativity and economic incentive of the copyright owner vis a vis the use of the material by the public for fair dealing purposes, is being challenged by the jumps in technology. The evolution of the electronic medium for the purpose of transacting business has created a complex set of legal issues that are at variance with already established legal precedents.