A study by Daniel Okimoto at Stanford University identified five other factors: 1  The political party in power did not take the difficult steps needed to spur the economy. 2  Taxes were raised in 1997. 3  Banks kept bad loans on their books, which tied up capital needed to invest in growth.
Intellectual property is the area of law that deals with protecting the rights of those who create original works. It covers everything from original plays and novels to inventions and company identification marks.atents protect an invention from being made, sold or used by others for a certain period of time. There are three different types of patents in the United States: 1  Utility Patents-these patents protect inventions that have a specific function, including things like chemicals, machines, and technology.
Art Law. Intellectual property laws give owners the exclusive right to profit from a work for a particular limited period. For copyrighted material, the exclusive right lasts for 70 years beyond the death of the author. The length of the right can vary for patents, but in most cases it lasts for 20 years. Trademark rights are exclusive for ten years and can be continually renewed for subsequent ten-year periods. Intellectual property laws do not fall in the category of Criminal Law, per se.