Piracy of Intellectual Property
Intellectual Property Piracy is a growing concern throughout many industries. Losses due to Intellectual Property piracy reached 50 billion in 2005. Developing databases involves the intense effort of researchers, programmers, and analysts. Third party information and work is often also involved. This work and its results are protected by U.S. Copyright Laws, U.S. Code Title 17 and 18. Copyright violations may incur penalties and/or possible incarceration.
CRSP creates, develops, and produces its data products and information to further academic research and investment industry progress. CRSP makes substantial research and development efforts as well as monetary investments toward these goals. These are supported by licensing fees. Intellectual Property piracy reduces the funding available for such investments, as well as the availability and affordability of the peripheral services CRSP provides such as user support.
The following information can help clarify this issue and assist with your institution’s compliance efforts.
Examples of end-user piracy include:
- Installing and using CRSP data on the machine of an individual(s) who is not affiliated with a subscribing institution nor has the right to install the data on a personal/individual machine.
- Installing the CRSP data on a greater number of machines than permitted in the agreement between the Subscriber and CRSP.
- Installing the CRSP data on a local-area network (LAN) for use by individuals who are not affiliated with a Subscriber or exceed the number of users permitted in the Agreement between the Subscriber and CRSP.
Examples of internet piracy include:
- Web sites that make CRSP data available for free download.
Illegal Product Duplication
This includes the illegal duplication and provision of copyrighted material including copies of CDs or DVDs containing the CRSP data, and any associated documentation.
By being fully aware of the terms of your agreement and ensuring that your institution’s staff and users are aware of those terms, you can help prevent Intellectual Property piracy. CRSP can answers any questions you may have regarding the use of our products as it relates to our licensing agreement.