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The Origins of Copyright and Its Benefits to The Economy

The concept of copyright was the brain child of the British parliament in 1710. It was passed under the Statute of Anne. The introduction of such concept was necessitated by the fact that authors were not making any profit from their writings. The work of the authors were copied anyhow without due recognition to the brain behind the work.

The concept of copyright was the brain child of the British parliament in 1710. It was passed under the Statute of Anne. The introduction of such concept was necessitated by the fact that authors were not making any profit from their writings. The work of the authors were copied anyhow without due recognition to the brain behind the work.

Copyright was therefore instituted to establish the author of a book as the owner of the right to reproduce that work. This right gave the author a specified amount of time to hold on to the status as owner of the work. The primary objective of copyright, according to the makers of the law, was to encourage learning.  

Sanctioned in 1709, the copyright came into force on the 10th of April in 1710. This was the first of its kind in Europe at the time. It was name the Statute of Anne because it was under her reign copyright was introduced.

Since then, copyright has law spread over the world. It is now an international area practice in law faculties in almost all Universities in the world. The field has undergone huge changes and improvements to cater for our fast changing modern society.

Copyright now applies to works in the form creativity, intellectual, artistic and so on. Its application varies from country to country and may sometimes have overlaps depending on the field of application. Copyright does not cover ideas per se but will apply to the form in they were expressed. In order for your work to qualify for copyright, it must be an original creation.

Below are some exclusive rights to the copyright holder:

· He or she can produce copies or reproductions of the work and to sell those copies, including, electronic copies;

· He or she can import or export the work;

· He or she can create other works from the original work;

· He or she can make available the work to the publicly through performance or displaying on radio or TV;

· He or she can pass on rights to others;

So what the benefits of copyright in the modern economy and the creator?

Three main benefits of copyright law have been identified. They include:

An Incentive For Creation

When creators are sure of the protection of their intellectual works, they will have a real incentive to give off his or her best in creating properties that will be of benefit to the entire society. This is the most practical way to stimulate invention, innovation and economic activity.

Economic Rights For The Creator

The creator will benefit from his or her hard work. The creator is giving control over his future and that of his family. He can determine who copies his or her work after determine the value of the reward.

Moral Rights

Apart from the legal rights, the creator also has the moral rights to determine the use of his work.  

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