Consequences of Intellectual Property Infringement “Depending on the nature of the violations, penalties may include civil damages in the dollar amount of damages and loss of profits, a court order to stop the infringement, payment of attorney's fees by the offender and charges for felonies with time imprisonment. Intellectual Property (IP) theft occurs when someone uses your intellectual property for any reason without your permission, 19 minute read. Pursuing intellectual property theft can be costly and time-consuming, and you want to make sure that the loss will make the potential gain worthwhile. The fair use clause allows the use of intellectual property for educational purposes without the permission of the intellectual property owner.
If an individual believes that their intellectual property rights have been infringed, it is very important to consult with a legal professional who can enforce intellectual property rights, as well as help recover any loss of profits or business opportunities that have occurred. Everything that can be digitized is now at stake for online pirates looking for intellectual property. They are not worried about the consequences, which range from stealing the inventor or creator of his livelihood to damaging companies and reputation. The type of intellectual property that has been stolen will also determine what rights you have to prosecute intellectual theft.
In most cases, intellectual property theft and violations will be charged as federal crimes. The legal system provides certain privileges and protections for inventors and property owners through intellectual property laws. Intellectual property is any creative or commercial innovation, any new method that has economic value, or any distinctive mark that may include a name, symbol or logo that is used in business practices. Take a careful inventory of all your intellectual property and find out what you can protect with these methods.
Purdue recognizes that all students, faculty and staff must have full access to all aspects of the university's digital properties. If you have any questions, concerns, or disputes related to an intellectual property issue, you can benefit from consulting with an intellectual property lawyer. If this is the case, the person is likely to stop using your intellectual property or agree to pay you for your intellectual property. If you need help with the theft of your intellectual property, you can post your legal need on the UpCounsel marketplace.
Registration makes it easy to prove ownership, even if it occurs after intellectual property theft or infringement.
