Rasmussen College Intellectual Property Rights & Responsibilities Discussion

User Generated

zeberbf

Business Finance

Rasmussen University

Description

Scenario:

Your U.S. based company is a new start-up and they sell packaged consumer goods from dish detergent to fabric softener to air fresheners. They want to become the one-stop-shop for all household cleaning needs. Every product is guaranteed to be organic, sustainable, environmentally friendly, and will cost only $4.50 each. You work in the legal department and are assigned the duty to research what it will take to protect the company’s intellectual property rights; specifically, a trademark for their logo.

Instructions:

  • Prepare a flowchart in Microsoft Word for the given business situation that analyzes the impact intellectual property has on various business functions.
    • Address the following using full detail and text within the flowchart:
      1. Start the flowchart by identifying the different intellectual property opportunities available to the company (such as registering trademarks, trade secrets and patents) and the process a company needs to undertake to secure its rights to those assets.
      2. Next, include in the flowchart the requirements to maintain intellectual property protections (such as renewal efforts) under federal, state (students should use their own state of residence regulations) and international laws as well as any other practical measures the company should undertake to protect their intellectual property rights.
      3. Provide a summary to the flowchart with an assessment of the impact of the digital era on intellectual property rights that the company needs to consider.
  • Use at least three credible sources. These should be cited and in APA format.

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Explanation & Answer

Attached. Please let me know if you have any questions or need revisions.

Report: The role of intellectual property rights and responsibilities in business

The role of intellectual property rights
and responsibilities in business
by HAL

General metrics
3,419

468

54

1 min 52 sec

3 min 36 sec

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Report was generated on Wednesday, Nov 18, 2020, 11:02 PM

Page 1 of 7

Report: The role of intellectual property rights and responsibilities in business

Unique Words

38%

Measures vocabulary diversity by calculating the
percentage of words used only once in your
document

unique words

Rare Words

32%

Measures depth of vocabulary by identifying words
that are not among the 5,000 most common English
words.

rare words

Word Length

5.4

Measures average word length

characters per word

Sentence Length

8.7

Measures average sentence length

words per sentence

Report was generated on Wednesday, Nov 18, 2020, 11:02 PM

Page 2 of 7

Report: The role of intellectual property rights and responsibilities in business

The role of intellectual property rights
and responsibilities in business
INTELLECTUAL PROPERTY RIGHTS 6
Running Head: INTELLECTUAL PROPERTY RIGHTS 1

The Role of Intellectual Property Rights and Responsibilities in Business
Name:
Institutional Af liation:
Date:
Table of Contents
The role of intellectual property rights and responsibilities in business 3
Flowchart 3
Summary 4
References 6

The role of intellectual property rights and responsibilities in business
Flowchart
Report was generated on Wednesday, Nov 18, 2020, 11:02 PM

Page 3 of 7

Report: The role of intellectual property rights and responsibilities in business

The rm in the context will need to protect its intellectual property through
applying for trademark, trade secret and a patent. The reason for ...


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