In simple terms, a copyright law is used to protect original content. Covering a wide range of categories, copyright law gives ownership rights to the person who created the work. Broadly classified, a copyright can be created in the following fields:
- Literary works
- Musical works
- Dramatic works
- Pictorial, graphic and sculptural works
- Motion pictures and other audiovisuals works
- Sound recordings
- Architectural works
- Computer Programs
When you own the copyrights to any of the works belonging to the above areas, it essentially means you have the right to distribute, sell or claim the ownership rights of the content. Furthermore, a copyright also enables you to prepare content similar to the original work in a new form, thereby claiming your rights on the content at the same time.
What does the copyright law in India entail?
According to the Indian Copyright Act, 1975, copyrights do not just protect the idea as an entity but the representation of the idea as a whole.
Under Section 14 of the Indian Copyright Act of 1975, ownership over the original product is credited to the creator and no one else. Furthermore, as per Sections 17, 29 and 52, the Copyright Act also provides the owner of the original content complete authority over the final product. Amended five times since its inception in 1975, the Copyright Act lets people use the content, when royalty is paid to the initial creator, with due recognition being given as well.
When does infringement occur and how do you prevent it?
In most environments, content that is generated for public viewing is put out into the world with the simple thought process that if this content is reused, prior permission from the original creators will be taken. However, when this does not happen, it results in copyright infringement.
When infringement like this occurs, it is important to keep in mind the rules required to protect yourself during a time like this.
- Identify the infringer as soon as the problem arises
The moment you realise your content is being duplicated and your content is being used without permission, bring it to the notice of the infringer immediately. Earlier, because of the absence of technology, it was harder to reach out to the person. However, the internet has made things extremely easy now. Websites like WHOIS and Internet Domain Name Search can be used to identify the perpetrator as soon as the crime happens.
- Contact the person once he or she has been identified
The moment you identify the person in question, contact them and ask them to take down the content. Send them a threat free and to the point email, stating that if the content isn’t removed within a stipulated time period, you will take them to court if needed. In addition, when you are sending the person the mail, make sure you have all the documentation required to prove you are the original owner of the said content.
- Notify the individual of your next step
Once you have notified the person and there still has not been an improvement in the situation, it is time to go the legal route. Let the person in question know you are going to send them a cease and desist, a move which legally notifies the person they have no choice but to take down the content in question.
- Use Section 51 of the Copyright Act to claim your rights
If you have gone through these multiple steps and still are not able to get back your content from the perpetrator, it is time to use Section 51 of the Copyright Act. As per the rules of this act, the person wronged can approach a court and ask for legal action to be taken against the person in question. Usually used as a final step of sorts, this step is to ensure everything you own rightfully belongs to you and you alone.
The rules of copyright law protect the final content put out into the world. What is not protected is the discussion, the ideas and the creation of this content by other people. In the broad sense of the word, this act is essential to protect monetization rights by the owners of the content, ensuring other people do not use your creations and call it their own. Furthermore, while it is okay for things to be discussed and talked about in a public forum, it is not okay to claim ownership rights. When you realise your words, ideas, music and videos are being used by other people, raise a complaint and let the person in question know it is not acceptable to steal your work. Know your rights and run into the fire with guns blazing. Stay protected, stay safe.
Bernard Arnault Replaces Bill Gates As Second Richest Man In The World
According to a report released by Bloomberg, Bill Gates, the co founder of Microsoft, was replaced as the world’s second richest person by Bernard Arnault, the Chairman of LVMH. Bill Gates was ranked as the 2nd richest person in Bloomberg’s Billionaires Index for the last 7 years. However, he was replaced by Arnault after the French businessman added $ 39 billion in 2019 to his wealth, pushing his net worth to $ 108 billion.
Arnault, aged 70, joined world’s most exclusive wealth club after Jeff Bezos and Bill Gates, when his fortune surpassed the $ 100 billion mark for the first time in June 2019. As the chairman and CEO of the luxury goods maker LVMH, most of Arnault’s wealth comes from his holdings in Louis Vuitton and Christian Dior. He holds a 97 % stake in Christian Dior. Apart from Louis Vuitton, Bernard also oversees 70 other luxury good companies like Givenchy, Marc Jacobs, Sephora and Fendi, to name a few.
Arnault and his family are among the list of luxury titans who pledged more than $ 650 million for the reconstruction of the Notre Dame Cathedral, which was destroyed by a massive fire in April 2019.
Bill Gates, with a net worth of $ 107 billion, lost the title of being the world’s second richest man because of his philanthropic work. Gates donated over $ 35 billion to the Bill and Melinda Gates Foundation, founded in 2000 by him and his wife Melinda Gates. The primary focus of the Foundation is to enhance healthcare and reduce extreme poverty. Amazon’s Bezos’ net worth was up slightly this year to $ 125 billion, despite his divorce settlement with his former wife MacKenzie Bezos, which saw MacKenzie keep 4% stake in his multinational technology company. This made MacKenzie Bezos the 4th richest woman in the world.
Declared the richest man in Europe, Bernard Arnault has been climbing the ladder to success continuously. His $ 39 billion addition to his wealth in 2019 alone, according to Bloomberg, is the biggest individual gain among the 500 people it ranks.
iPhone Unknown Facts
Introduced by Steve Jobs in the year 2007, the iPhone is a technological revolution which changed the fate of smartphones forever. It is also safe to say, the iPhone is one of the most coveted smartphones in the world.
Here is a list of few things you may not know about this amazing piece of technology.
Unknown facts about iPhone
1) The iPhone was originally called ‘Purple.’ Scott Forstall, the ex software head of Apple, revealed, the phone was initially named ‘Purple,’ after ‘Purple Dorm,’ the building where it was built and developed.
2) Cisco Systems owns the patent for the name iPhone for its VoIP phone. When Apple released its iPhone, Cisco sued Apple for using its name. Both the companies then reached a settlement and agreed to work together on products later in the future.
3) If you ever observed the iPhone commercials, you will notice, all the iPhones show the time as 9:41 A.M. Apparently, 9:41 A.M., was the time when Steve Jobs first unveiled the iPhone.
4) The retina display on the iPhone is its most expensive feature.
5) We are all aware of the rivalry between Apple and Samsung. Samsung was seen trashing the iPhone in many of its commercials. Still, it looks like these companies are not rivals after all. According to technology intelligence experts, the processor that powers the iPhone is actually manufactured by Samsung. Now that’s a shocker.
6) When the iPhone was introduced, founder Steve Jobs first used it to make a prank call to order 4,000 lattes from a nearby Starbucks store.
7) iPhones are the most profitable products created by Apple. They account for up to 70 % of Apple’s total revenue.
8) The iPhone earned 73 % of the profit of the smartphone industry in 2018.
9) In 2007, iPhone was awarded the Invention of the Year by TIME magazine.
10) By 2015, Apple sold around 700 million iPhones. Reports also suggest, the users of iPhone are more loyal to their brand than Android users.
Do you know any other interesting facts about the iPhone? Comment below and let us know.
Union Budget 2019 – Startups Get Major Advantages
The Union Budget of India is mostly about giving us an insight into how the government decides to spend public funds for the overall development of the Country.
India’s Finance Minister, Nirmala Sitharaman, presented her maiden budget to the Parliament on Friday and walked us through the various plans which may take India’s economy to $ 5 trillion by 2025.
The Indian startup ecosystem felt, the Interim Budget, which was helmed by Piyush Goyal in February, had overlooked their problems.
However, giving a major boost to thousands of startups across the Country, the Narendra Modi led Government announced a list of measures the Government is going to take to “release the entrepreneurial spirit” in the Country.
Keep reading to find out what the Budget for new India has in store for business heads and startup founders.
Budget 2019 highlights for startups
1) The Modi Government will soon launch a TV program exclusively for the startups in India, which will air on the Doordarshan channel. This program will serve as a medium through which emerging startups could meet venture capitalists and investors. This TV program will be directed, executed and run by startups themselves.
2) The Startup India Scheme, which was launched in 2016 to support entrepreneurship among women and marginal segments of the society by providing them financial assistance, has produced more than 300 entrepreneurs as of today. Mrs. Sitharaman said, this scheme will continue till 2025. This can prove to be a major boost for aspiring entrepreneurs.
3) A reduction in Goods and Services Tax (GST) and Income Tax for electric vehicle (EV) makers and owners has been proposed in the Parliament. This move could prove to be profitable for EV startups in the Country.
4) Sitharaman announced, startups will no longer be under the scrutiny of Angel Tax. Angel tax is applicable to startups which have raised their capital by selling shares above the market value. This excess capital is considered as income and taxed accordingly, a move which was started in 2012. The waiver of angel tax could be a huge relief for startup owners.
5) The Finance Minister proposed a 100 percent foreign direct investment (FDI) to insurance intermediaries. The FDI limit is currently 49 %. Apart from this, the Government also announced 100 % FDI in single brand retail startups. Startups like PepperFry and UrbanLadder, which operate single brand stores, will benefit from this move.
6) The Government will also establish around 100 business incubators—80 for livelihood businesses and 20 for tech, in the financial year 2019-20. According to the Government, this will help create up to 75,000 skilled entrepreneurs.
7) Businesses with an annual turnover below Rs. 5 crores can file quarterly GST returns, said Sitharaman.
Apart from all this, the several measures announced for labour laws, rental segment and education can have an indirect impact on the startups of our Country. With so many incentives announced to boost the Indian startup ecosystem, we may see a substantial growth in Indian startups.
What is your opinion about Union Budget 2019? Comment below and let us know.
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