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Piracy of Intellectual Property Rights and Copyright Infringement
Abstract
Originators of books, songs, or movies spend a lot of time, effort, and money to come up with their creative work. In order to protect the value of their production, they issue a copyright. This copyright entitles them to benefit from profits (royalties) and at the same time prohibits others from illegal reproduction without permission. From an ethical perspective, the impact of piracy affects a number of stakeholders such as consumers, artists, and government. Consumers benefit from low prices and suffer when they find out that they have purchased a poor quality product from online websites or when they do not receive the products they paid for. Artists or producers suffer as they are deprived from collecting their royalties. This negatively affects companies due to losses in revenues. Governments are incapable of collecting taxes from the revenues. A number of solutions are available to combat piracy. This chapter explores intellectual property rights and copyright infringement.
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