As a faculty member, should you care about copyright law? YES!
There are many reasons why being knowledgeable about copyright law is important for faculty members:
1.) You are the creator of copyrighted works so you should know how the law applies to your own creations
2.) You and your students will be using copyrighted materials and infringement can result in significant penalties
3.) Copyright law affects what materials are available for use in your classroom and how you can use them
4.) As a faculty member you should model ethical use of copyrighted materials for your students
5.) Copyright is the law, disregarding it is illegal