There are several laws like intellectual property law and computer law which could be effective in protecting the interests of online traders. Before getting into the intellectual property it is very important to have a clear understanding of the intellectual property. According to the World Intellectual Property Organization, intellectual property could be referred to as any creation or innovation of mind, artistic and literary work, images, names, designs and symbols that are used in trade. Intellectual property could be classified into two distinct categories, industrial property, and copyrights. Industrial property includes trademarks, patents and industrial designs on the other hand copyrights include artistic and literary works like poems, novels, plays, films. Copyrights also include architectural designs.Online traders have important role to play in the entire scenario of online trading mechanisms. In simple language, it can be said that online trading involves selling and purchasing through the internet. The process involves the transaction of money, goods, and services. In an online trading mechanism, it is possible that the two parties did not meet physically, as a result, there might be some issue of faith and transparency. Moreover keeping copyright laws unaffected is another major challenge. As a result in online trade mechanism traders need to be very much conscious regarding protecting their interests.
It is very much possible that one new online trade model of a particular business organization can get entirely copied by another organization as there is no firm internet law that can strongly impose the copyright rules. The success of any online trading actually depends on the effectiveness of traders because it is up to them to keep their model secure. Sometimes it happens that there is more than one party is involved in the online trading process. In these cases maintaining copyrights and other security issues become more crucial. Applicability of internet laws and intellectual property laws need to be improved to protect the interests of online traders. .  . .