Explain How Information-Based Intellectual Property, Such as a Digital Book

question 55

Essay

Explain how information-based intellectual property, such as a digital book, is different from physical property and why it is harder to protect.

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Definitions:

Adequate Consideration

Sufficient value or compensation exchanged between parties in a contract, making the agreement legally binding.

Detriment

A state of being harmed or damaged, often used in legal contexts to describe loss or injury.

Adequacy of Consideration

Refers to a legal assessment of whether the consideration (value) given in exchange for a promise or for performance in a contract is fair and reasonable.

Unilateral Contract

A contract where only one party makes a promise or undertakes a performance without requiring a reciprocal agreement from the other party.