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You are about to establish a start-up company, with a new creative/innovative software product(s)
From a legal point of view, explain what and how you need to protect your company’s
intellectual property (trademark, copyright and/or patent).
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- Knowing the Ins and Outs of Filing a Provisional Patent Application I n start-up circles, it’s not uncommon to hear people say that they have a “provisional patent” or that they’re protected from someone stealing their invention because a provisional patent has been filed. neither of these statements can be true, because there is no such thing as a provisional patent. While the people who make those claims are normally well-intentioned, failing to be familiar with the basics of patent law can result in an entrepreneur inadvertently surrendering the patent rights for which he or she has an invention. If this happens, it can cripple a firm that’s planning on achieving a sustainable competitive advantage via its exclusive rights on an invention. Here’s an accurate assessment of what takes place for entrepreneurs working in the United States. What’s filed with the United States Patent and Trademark Office (USPTO) is a “provisional patent…Discuss the use of a patent by a software manufacturer to protect against the unauthorized use of its software. Is this an effective approach? Which would you recommend –the copyright or patent approach? – to safeguard software? Why? Discuss the conditions under which a company’s customer list can be considered a trade secret. Outline an approach that a university might take to successfully combat plagiarism among its students? Under what conditions are the use of reverse engineering an acceptable business practice?What legal steps should a small business take to protect its intellectual property, such as copyrights, patents, and trade secrets?
- You have been hired by an inventor of a new power cell for cars, trucks and boats, who has some inquiries from prospective investors who would like to know more about the invention before they put their money into the business. He has not yet incorporated his business, but likes the idea. You must advise him as to how to protect his intellectual property. He has only applied for one patent that is not yet approved. What else should he do? Describe any essential steps in the patent process.Patenting a product is often a complex and difficult process that needs to conform to rigorous criterion. Briefly outline the possible advantages and disadvantages of keeping an idea/invention a trade secret as opposed to patenting it, ensure to refer to what is required to achieve and maintain a patent.1. What are the differences between design and utility patents? Can a product/service have both design and utility patents at the same time? 2. If you create an original work of authorship which was commissioned by an investor, what type of intellectual property can cover your rights? Who (you or the investor) owns the rights to this IP?
- When more established, well-defined private property rights are in place, externalities will be Choose one: A. less prevalent. B. more prevalent. C. not dependent on private property rights.Answer the below question by filling the text box below: 1) When you develop, patents and copyrights become a concern. In your own words, explain the difference between patents and copyrights. Explain the purpose and benefits of patenting and copyrighting. 2) In your own words, clarify the difference between Engineering and Technology. Explain the aim of each one and Support your explanation with examples.How would mandatory disclosure benefit the organization?
- the founder and chairman of the company is the same person. if he later sells the company and becomes executive director, will there be a conflict of interest? How could this be a corporate governance and ethics issue for the company and what steps/structures should be put in place to prevent this?What types of assets in your business might you want to protect with copyrights ?How can patents speed up the process of creative destruction? How can patents slow down the process of creative destruction?