In today's business world companies are now, more than ever, analyzing what their product has to offer local and foreign markets. The need to expand and tap into profits outside the local borders is important for companies who wish to remain competitive. While doing so, businesses must make several adjustments to ensure a successful transition that will hopefully lead to profitable expansion. Some of the adjustments include anything from investing in top of the line equipment to incorporating a diverse labor force and looking at the legal matters regarding all aspects relative to the international market. This paper will discuss BUG, Inc. and their journey into expanding sales to international markets. The team will elaborate on the legal protections necessary for Bug's intellectual property and the legal implications regarding the betrayal of internal employees. Certain scenarios will provide an overview of tort law and its applicability to the company. Team B will provide BUG Inc.
with advice about international conflict of law issues relating to the company name; defense options regarding the robbery of a Bug Inc. vendor; and the implications of faulty equipment that lead to the injury of a local police officer.
Scenario 1The different types and elements of legal protections that BUG should have for its intellectual property (syllabus, 2008, p.18) include patent, copyright and trademark. Each are significant in that they provide for the protection of the company's financial investment, their product and reputation. A patent provides the inventor with rights to an invention. A copyright protects all tangible writings of the creator and the trademark secures a company's recognition in the business market.
AnalysisAs previously mentioned, a patent provides the originator with sole rights to their inventions and or writings for 20 years starting in 1995. Article 1, Section 8 of the United States Constitution...