The dictionary states that music piracy is; the general term referring to the illegal duplication and distribution of sound recordings, comprised of four specific forms: bootleg recordings, counterfeit recordings, pirate recordings and online piracy.
The consequence of this is that music companies are losing millions of dollars. they don’t just lose the occasional single or album they lose there selling details and even in some cases they don’t get a gold or platinum credit for the song because people don’t buy it, they simply download it.
Peer to peer links are a internet link from one persons computer to a hosts computer. The people involved have equal rights and you can only access someone's computer if they decide to setup a shared folder to link them to the network. The network has many faults including that you can download a file from someone's computer and it may contain a virus there are no ways of checking a file until you download it.
Intellectual property (IP) is a legal field that refers to creations of the mind such as musical, literary, and artistic works; inventions; and symbols, names, images, and designs used in commerce, including copyrights, trademarks, patents, and related rights. Under intellectual property law, the holder of one of these abstract properties has certain exclusive rights to the creative work, commercial symbol, or invention by which it is covered.
Copyright is a legal concept, enacted by governments, giving the creator of an original work of authorship exclusive rights to control its distribution, usually for a limited time, after which the work enters the public domain. Generally, it is "the right to copy", but usually provides the author with other rights as well, such as the right to be credited for the work, to determine who may adapt the work to other forms, who may perform the work, who may financially benefit from it, and other, related rights.
An invisible layer of software that bodyguards a computer file and limits what you can and can't do with it. Buy a song from Apple's iTunes Media Store, for example, and you can copy the file to five computers but no more.
Intellectual Property Rights in the Philippines
Republic Act No. 8293, otherwise known as the Intellectual Property Code of the Philippines, is an act prescribing the intellectual property code and establishing the intellectual property office, providing for its powers and functions, and for other purposes.
Internet Piracy a Complicated Crime to Control
Behavior in an electronic environment requires particular expertise, procedures and powers
Users can act beyond their own borders – requires international cooperation
Users can choose their legal environment – to avoid prosecution