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Title Your Name Subject and Section Professor’s Name Date Currently, in the digital era, the debates over the intellectual property laws have grown so much in complexity and contention. In quest of a perfect balance between copyright, patents, and trademarks, people turn for scrutiny of whether existing legal framework will benefit creators, innovators, and the society in a whole. However, in the course of this analysis, it becomes clear that intellectual property rights although they are admittedly useful in the sense that they encourage innovation and creativity are also legitimate anti-incentives for creative output - to free exchange of ideas. Consequently, it is imperative to strike a balance between fostering authors’ rights and facilitating public welfare because this is the way the intellectual property universe can remain lively and dynamic. It is essential to acknowledge the importance of intellectual property protection in stimulation of the creativity, and innovation, as well as a sustainable economic growth. For instance, copyright laws are indeed the leading factors in motivating authors, composers, and artists to innovate through awarding them the rights on their works to be exclusive. Likewise, patents protect valuable developments of inventors in the field of technology through the temporary granting of a monopoly status. However, as highlighted in “Tales from the Public Domain: Bound by Law” (Aoki et al., 2006) and “Laws that Choke Creativity” (Lessig, 2007...