Mind like inventions, Business Law and Ethics

Intellectual property refers to creations of the mind like inventions, artistic and literary works, designs, and more used for profit. There are two categories of intellectual property: industrial property, like product trademarks and patents, and copyrights including plays, music, drawings, novels and more.Choose 1 of the 2 situations, and describe how intellectual property law can be applied, with examples. This is significant to you because you have intellectual property that you have generated, and it is valuable to you both personally and professionally.

Situation 1: Dr. Joe Scientist has worked for you at your pharmaceutical company for a decade. He has been privy to several company trade secrets in drug development over the years, as well. As a brilliant researcher, he has identified various new compounds recently in the drug discovery process to aid in future development of some very profitable products for the company. He is angry that you have not promoted him, and this has manufactured some contention between you and his colleagues. Just, a competitor recruited Dr. Joe to come to work for it with the promise of twice the salary and a lead scientist job title. He has finally made his decision and informs you that he will be leaving the company in 2 weeks. Your next step is to work with the legal department to design a termination agreement around intellectual property. You are very concerned that he is going to give up some company trade secrets.

  • List 2 key components that must be included in the contract to protect the company, and explain why.
  • Consider what intellectual property includes relative to this scenario. If Dr. Scientist shares any company trade secrets with his new company, can your company recover profits?
  • How can you prohibit Dr. Scientist from divulging any company trade secrets?
  • Add one more observation about intellectual property that applies to your analysis.

 

Posted Date: 3/22/2013 3:33:00 AM | Location : United States







Related Discussions:- Mind like inventions, Assignment Help, Ask Question on Mind like inventions, Get Answer, Expert's Help, Mind like inventions Discussions

Write discussion on Mind like inventions
Your posts are moderated
Related Questions
Principle of floating charges: The general purpose of the rule is to prevent an unsecured creditor of an insolvent company from getting advantage over other creditors by obtai

Define  Accession and ratification Another area/aspect that needs to be highlighted with regards to a Treaty is the difference between signing and ratifying a particular treaty

When is an employer vicariously liable? An employer is vicariously liable when: a. When Employer authorised. b. When unauthorised procedure utilized when executing an aut

Question 1: Arbitration, a form of alternative dispute resolution, is a legal method for the resolution of disputes outside the courts, where the parties to a dispute refer it

Lifting the Veil of Incorporation: The legal rule that a registered company is at law a different person altogether from the subscribers to the memorandum of association and o

Munsami was driving his car registration number CB 713 from Nausori to wards Suva. He was travelling at 80kmph on 50kmph zone. At koronivia a taxi driven by Ram Raji of Koronivia,

QUESTION 1 One of the main ingredients of a system of collective bargaining is the right to join and participate in the activities of a trade union. What is the extent of this

EXCEPTIONS: A valid meeting may be constituted by the presence of one person in the following cases: (i)  If the meeting is an annual general meeting which was called by, o

Resolution for the variation - Statutory provisions: Where any application is made pursuant to this provision, the variation shall not have effect unless and until it is confi

Define the subordinate legislation briefly. Subordinate legislation: • Regulations: It directly applicable and self-executing, no require for member state to create own