How Software Companies Are Regulated?
How Software Companies Are Regulated?: With the uprising of technology, we all are aware of how hard it may get to handle software development in terms of regulations. Many of us are left wondering how software companies are regulated. Well, here is the answer for you. They have laws as well based on their characteristics.
Intellectual property rights
This regulation protects the owners of an idea from theft of it. Ideas are easy to imitate; hence it is imperative that they are protected with intellectual property rights.
In order to use someone else’s idea, companies are required to acquire license for it. This means that they have to collaborate with the owner of the idea by paying them or taking permission.
Consumer protection
These laws are made to shelter the consumer from software making vultures. It is to protect from facing any scam in terms of payments or dealings. It takes into consideration the transactions of credit and debit cards so that no consumer has to undergo fraud and embezzlement. Dealings should be just and equitable.
Age rankings and categorization
As technology in the form of software is accessible to anyone and everyone, it is important that they are released with classification and can be put into a certain category for the viewers. If they are not suitable for a target market, or they are not aiming based on the rules and regulations, then there will be consequences.
Marketing laws
This particularly takes advertisements into account. There is a way that you are supposed to go about them. It is important to consult a legal advisor before launching an advertisement campaign as every country has its own do’s and don’ts pertaining to it. Rather be safe then dwell in regret.
Data security or privacy
These laws are made specifically to safeguard the personal information provided by individuals on websites. They forbid the revelation or misuse of this information under any circumstances. It cannot be used against the individual or for the benefit of the company unless the individual has allowed the company to do so i.e. mutual consent.
Software Companies are regulated through the above stated laws.