Final answer:
Copyright automatically protects original creative works, allowing creators to control and financially benefit from their works. It is transferable and its understanding is essential for legal and ethical use of copyrighted materials.
Step-by-step explanation:
Copyright comes into effect automatically when an original work is created and fixed in a tangible medium of expression. This includes literary, musical, and artistic works, among others. Ownership of copyright can be transferred or licensed to others. Copyright is important because it gives creators control over their works and provides an incentive to create by ensuring they can benefit financially from their efforts. The copyright laws can vary between countries, but they often share common principles, outlined in international agreements such as the Berne Convention.
The laws are also subject to change, so it is important to be informed about the laws in your jurisdiction before using copyrighted works. Without copyright protection, creative works could be freely used without compensation to the creator, which could diminish the incentive to create new works and contribute to cultural and economic development.