Bug, Inc. Paper

Essay by heavysevi May 2008

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BUG, INC. Paper

University of Phoenix

Team E

BUS / 415 Business Law

Dr. Deborah Alsup

April 16, 2008

Bug, Inc. Paper

New age technologies are on the rise in the United States (U.S.) and abroad. Bug, Inc. (Bug) manufactures, designs, and sells electronic recording devices in the U.S. They also manufacture products internationally. Demands for their products are increasing in the International sales markets. Bug is currently making decisions to expand the sales department to market products internationally. Bug has some ongoing concerns and issues that must be addressed and resolved prior to making their decision (Alsup).

For beginners lets discuss the various types of legal protections that are necessary for Bug to consider expanding sales. In 1967 the World Intellectual Property Organization (WIPO) was established to administer the following treaties (WIPO). Intellectual Property (IP) bundles exclusive rights of a company's inventions or ideas of the human mind.

IP laws contribute to economic growth because they allow companies the freedom to share their creations without fear of being copied. Industries that rely on IP protections produce 72% more value than non-IP industries. The IP concept helps to strengthen correlation between foreign countries and the U.S. (Wikipedia).

The Paris Convention of 1883 recognized the importance of protecting Industrial Property. Industrial Property protection will include patents, trademarks, industrial designs, and trade names. These are sources recognized by the laws of the U.S. and other countries that will protect Bug from unfair trading practices (Wikipedia).

The Copyright Treaty of 1996 gives Bug exclusive IP rights, protecting their software from being copied. Copyrights are enforced in civil courts but some cases have criminal statutes enforced, depending on the jurisdiction. Some digital media Businesses depend economically on copyright to challenge the laws to extend and expand their rights;...