Monday, December 9, 2019
Companies Intellectual Property Concerns
Question: Discuss about the Companies Intellectual Property Concerns? Answer: Abstract This is a case study based analysis about a companys intellectual property concerns. The company was struggling with trademark and copyright infringement issues, which can be protected with effective IP strategies. Key words: Intellectual property, Trademark, Copyright The identified main issues of School Zone, a retail teachers supply outlet, have to be analysed at the discussion board in the following manner: Hiring process of School Zone relating to the issue and recommendation: The family owned educational media company was facing problem regarding trademark and copyright infringement. Here it was important to check the previous records of individual before appointing anyone into their business. Before the company was not aware of such contingencies which have played a key role in this issue. Therefore, checking criminal records and previous legal consequences needs to be evaluated properly by the management authority. The suspected personality needs to be identified for mitigating any entrepreneurship issue. Protection of Intellectual property of School Zone: No, Hoffmans decision was not right. Defending School Zones intellectual property through patents and other tactics creates the legal underpinning essential to safeguard the companys ideas (Lemley, 2015). These option he would have been adopted earlier into his business. For this, Dogs in Hats needed to pay for use of School Zones ideas. Starting this IP strategy at the early stage of the operation and appointing a patent attorney would be recommended for protection of the companys intellectual property rights (Fang, Lerner Chaopeng, 2015). However, these consequences may face by small companies as well if they fail to protect their intellectual property like School Zone. Defending the intellectual property rights: When the company has agreed to sign legal agreements along with other identical companies where legal obligations have clearly settled out with each party, then a company should stop defending its IP rights through the court system. Entrepreneurs should not determine IP strategy by time or expense parameters because this is an on-going legal process, which is essential for dealing entrepreneurship protectively. References: Fang, L. H., Lerner, J., Chaopeng, W. (2015). Intellectual Property Rights Protection, Ownership, and Innovation: Evidence from China.Ownership, and Innovation: Evidence from China (June 9, 2015). Lemley, M. A. (2015). Faith-Based Intellectual Property.UCLA L. Rev.,62, 1328.