IP (Intellectual property ) theft constraint


Intellectual property is any innovation, commercial or artistic; any new method or formula with economic value; or any unique name, symbol, or logo that is used commercially. Intellectual property is protected by patents on inventions; trademarks on branded devices; copyrights on music, videos, patterns, and other forms of expression; and state and federal laws.




Stealing intellectual property is cheap and easy. All a thief has to
do is copy someone else’s ideas or product. The other person or company—the
victim—has done all the work, but thieves can reap huge profits. Intellectual property theft can cost
people their jobs, damage the reputation of the original maker of the
counterfeited product, cause sickness and bodily harm, deprive governments of
desperately needed tax revenue, and even result in the spread of organized crime
and gangs—which in turn can damage more lives and destroy neighborhoods. It
isn’t a victimless crime


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