Patents,Copyright, and Trademarks 7 and 8, management homework help

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There are two assignments that are listed below and both assignments will need to be completed. Based on the instructions below please complete both assignments.

Book :

Bouchoux, D. (2013). Intellectual property: The law of trademarks, copyrights, patents, and trade secrets. (4th ed.). Cengage.

ISBN: 9781111648572

Assignment 1 : WEEK 7 Trade Secrets and Unfair Competition

Protozoa desires to obtain the secret recipe for a lobster patty that is known by Lobster who is Protozoa’s biggest competitor. Protozoa has attempted to steal the recipe for years. What can Lobster do to protect his secret recipe?

The requirements below must be met for your paper to be accepted and graded:

  • Write between 750 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below.
  • Use font size 12 and 1” margins.
  • Include cover page and reference page.
  • At least 80% of your paper must be original content/writing.
  • No more than 20% of your content/information may come from references.
  • Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
  • Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.

References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.

Assignment 2 : WEEK 8 Intellectual Property Audit

Refer to page 513 in your textbook. You will find an exhibit showing a questionnaire for an intellectual property audit. Review the questionnaire carefully. As a business owner, what steps would you take to prepare for this audit?

The requirements below must be met for your paper to be accepted and graded:

  • Write between 500– 750 words (approximately 2 – 3 pages) using Microsoft Word in APA style, see example below.
  • Use font size 12 and 1” margins.
  • Include cover page and reference page.
  • At least 80% of your paper must be original content/writing.
  • No more than 20% of your content/information may come from references.
  • Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
  • Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.
References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.

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Explanation & Answer

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Running Head: INTELLECTUAL PROPERTY AUDIT

Intellectual Property Audit
Institutional Affiliation
Date

1

INTELLECTUAL PROPERTY AUDIT

2

Intellectual Property is mainly an important portion of business’s bottom line. It
incorporates numerous forms, counting patents for valuable characteristics that make products
further desirable or make processes of manufacturing and methods of business more economical
and efficient; trademarks that guard the logos, symbols, and names that are used to distinguish
and identify a business and its services and goods; trade secrets that guard customers lists,
formulations, vendor lists, and such stuff; copyrights that protect the materials for marketing,
product manuals and guides, software, artwork, works of audio-visual, and compilations of
information; and trade dress or design patents that protect the manner products look (Bouchoux
2013).
On the other hand, an intellectual property audit according to Parr & Smith (2005)
connotes to a systematic review of intellectual property or assets of a business and the linked
opportunities and risks. IP audits largely assist in assessing, enhancing, and preserving IP; they
help in putting unused IP to operation; they also assist in adjusting defects in IP rights; they help
in the application of the best practices for managing IP asset; and they assist in recognizing risks
that a business’s service or product infringe another business’s IP. A detailed Intellectual
Property audit entails not only a company’s IP assets review, but also the related policies,
procedures, and agreements of the company’s IP, in addition to competitors’ IP.
However, basing our argument on the Intellectual Property audit exhibited in the
provided questionnaire, as a business owner there are basically four important steps that I would
employ to prepare for such an audit. The very first step is to form an IP audit team, then a plan
for the audit. While selecting this team one of the vital things to consider is the trust factor
among the people you assign this duty. The reason why trust should be given the priority...


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