In the contemporary cyber environment, innovation does not enhance success. For example, most patents such as songs and books receive low rewards. The author suggests that there is a need to make rules to enhance the bargain of intellectual property owners. Part 2

In the contemporary cyberspace and it world, the traditional copyright law has not been sufficient to protect intellectual property right in the face current development of computer and cyber technology. In the cyber world, the traditional copyright law is unable to protect the source code owners, which are the computer instructions written in human readable computer programming language. The importance of source code is that it assists computer to run several programs used for individual and business advantages. Despite the importance of source code, many penetrators have used different technological techniques to steal the source code of other people thereby infringing on the IP law.

Moreover, many legitimate websites have also being source of abuse by many penetrators. There has been an increase in the hacking of corporate websites by defacing the websites of many corporate organizations. Investigations have revealed that authors of these penetrators are from Asian countries where the U.S. IP laws do not cover. In the face of the recent cyber threats and inability of the traditional IP law to address the problem, the paper suggests that there is a need to limit the links of the cooperate website to some IP addresses. Organizations could limit the IP addresses, susceptible to infringe on the IP rights, to have access to legitimate corporate websites.

Historically, the copyright, patent and trademark...

However, the development it and cyber technology have continued to erode the traditional copyright and trademark laws. Typically, millions of copyrighted songs and movies have been downloaded illegally in the United States. With regard to the free speech rights and trademark ownership, there may be no conflict of free speech rights to trademark ownership if the free speech owner does not infringe on the trademark ownership rights.
The personality, utilitarian, labor, and social-planning theories have strengths similar to the themes of statues, judicial opinions and appellant briefs, however, the it laws have not echoed the significant number of these theories. Typically, many American courts still confuse trademark law to copyright right laws, and few IP theories pay significant attention to custom.

The Copyright Term Extension Act, which is also known as Sony Bono Copyright Term Extension Act has been an extension of copyright terms attempts to protect literary and artistic work. The Digital Millennium Act is a part of the U.S. copyright law to limit the illegal use of technology devices. All these laws attempt to protect the IP in the United States.

Reference

Bowie, N.E. (2005). Digital Rights and Wrongs: Intellectual Property in the Information Age. Business and Society Review: 110(1):77-96.

Chowbe, V.S. (2010). Intellectual Property and Its Protection in Cyberspace. The IUP Journal of Intellectual Property Rights. 9(12): 7-41.

Easterbrook, F.H. (2000). Cyberspace vs. Property Law? Texas Review of Law & Politics. Vol. 4.