Description
This signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments may be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements.
Assignment Steps
Resources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 5 (p. 96), Ch. 7 (pp. 154-155), Ch. 8, Ch. 25, and Ch. 26; sites such as: Public Library of Law, Law Library of Congress, and Justia Virtual Chase law database
Scenario: Your company's board of directors is exploring expansion of your business and is looking to you to prepare an analysis (Part I) and presentation (Part II) regarding whether that expansion should be domestic or international.
Part I
Prepare an analysis of the property rights, risks, and benefits of each in a minimum of 1,050 words, excluding the title and reference page, including the following:
- Decide what actions a manager in your business should take to identify and protect the tangible property rights of your domestic and international business.
- Summarize the actions a manager in your business should take to identify and protect the intellectual property rights of your domestic and international business.
- Explain what actions a manager in your business should take to identify and protect the organization from violating the intellectual property (IP) rights of others.
- Analyze what special problems arise regarding property rights when your business decides to do business outside the United States.
- Evaluate the legal risks associated with all property rights, domestically and internationally, for your business.
- Apply the risk management process to mitigate the legal risks for your business.
- Evaluate contract formation in your business as it relates to its Intellectual Property and recommend one contract method of contract dispute resolution for use in your business.
Cite a minimum of three scholarly references. One scholarly reference must be from the University Library.
Explanation & Answer
Attached.
Running head: PROPERTY RIGHTS
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Business Expansion: Analysis of Property Rights, Risks, and Benefits
Student’s Name
Institutional Affiliation
PROPERTY RIGHTS
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Business Expansion: Analysis of Property Rights, Risks, and Benefits
The protection of property rights is one of the most important steps toward ensuring that
competitiveness is maintained. Property rights are assets just like any other, and protecting them
would definitely imply that what makes the business click is shielded from unscrupulous or
malicious individuals. The situation becomes even more sophisticated when the expansion
strategy of the business is considered since there will be different perspectives in domestic and
international landscapes. Therefore, managers should embrace the most befitting strategies that
would enable them to identify and protect the tangible and intellectual property (IP) rights, as
well as to shield the organization from violating the rights of others.
It is the obligation of managers of ensuring that everything that belongs to the
organization is safe. The identification and protection of tangible components like machinery,
computers, and office equipment are one of the core roles of the management. There are
numerous risks that face tangible properties when they are not protected from malicious and
unscrupulous individuals or groups. Restriction from entering the property establishments is one
of the most effective ways of protecting tangible property (Cantwell & Iammarino, 2001). Only
authorized persons should be allowed into the premises. Any violators should be subjected to
legal charges. In the international landscape, the issue becomes quite sophisticated since most of
the foreign countries do not permit foreign ownership of tangible property. Therefore, the
business may be forced to lease the equipment to be allowed to continue operating in these
regions. Legal protection should be sought by the managers against such leases to ensure that the
owners cannot utilize them without the permission of the current users.
The criteria for the identification and protection of IP rights will depend on a wide array
factors, including the legal framework of the different regions, resource capability, and business
PROPERTY RIGHTS
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