Ocasio_Assignment #4
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Feb 20, 2024
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Miguel Ocasio Assignment 4
American Military University
Chapter 6
Licensing the Friendster patents is one option. It's a good way to avoid expensive legal proceedings and reach an amicable solution. MySpace could license Friendster's patents in exchange for royalties or other compensation. Also, MySpace could cross-license Friendster. It's a deal where both parties trade patent rights. That way, MySpace won't be sued by Friendster for patent infringement, and Friendster will be protected from lawsuits. You can also buy the Friendster patents. By acquiring these patents, MySpace will become the exclusive owner, allowing them to use and enforce them as they see fit. Friendster patents could be particularly useful if the MySpace platform sees them as strategic(YS, 2012). Also, MySpace could challenge
Friendster's patents. An in-depth analysis is done to see if the patents meet the requirements set forth by the relevant patent laws. If the patents are invalid, Friendster would have a hard time enforcing them, potentially saving them time and money.
Chapter 7
The candidate is currently working for a direct competitor, so hiring him raises ethical concerns. This could compromise the confidentiality of proprietary information and create a trade secret theft risk. To mitigate these concerns, the CEO needs to look at alternative candidates who haven't worked for competitors before. To solve this problem, the CEO should do thorough background checks on potential hires. Reference checks, employment histories, and interviews are all part of this process. A CEO can mitigate the risk of confidential information being leaked by ensuring the integrity of the candidate(Traskbritt, 2020).
Hiring Sam might lead to loyalty conflicts since he works for a direct competitor. There may be tension between the candidate's obligations to the start-up and their loyalty to XYZ Corp. This issue needs clear boundaries and expectations from the CEO. The CEO should clearly communicate Sam's expectations and confidentiality requirements. This includes responsibilities,
expectations, and potential conflicts of interest. To protect proprietary information and prevent unauthorized disclosures, the CEO should also have Sam sign a confidentiality agreement(Traskbritt, 2020).
The GLBA increased regulation in the financial services industry. Before it was implemented, financial institution regulations were fragmented and inconsistent. The GLBA consolidated these
rules, making it easier for regulators to monitor and enforce compliance. GLBA also enhanced disclosure and transparency requirements. These institutions have to tell their customers about their services, fees, and other financial stuff. Having more transparency helps consumers make better financial decisions and reduces the risk of fraud(Yeagar, 2007). The GLBA removed restrictions on interstate banking and securities activities to promote competition within the financial services industry. It lets financial institutions offer credit cards, mutual funds, and insurance across state lines. Competition has led to better prices and more choices for consumers.
References:
Traskbritt. (2020, July 22). How to design around and avoid patent infringement
. TraskBritt. https://www.traskbritt.com/how-to-design-around-and-avoid-patent-infringement/ Yeagar, T. (2007, January 31). Impact of the Gramm-Leach-Bliley Act
. University of Arkansas News. https://news.uark.edu/articles/10167/impact-of-the-gramm-leach-bliley-
act#:~:text=Passed%20by%20Congress%20in%20late,merchant%20banking%20and
%20insurance%20underwriting. YS, T. (2012, May 18). How patents help internet companies - friendster & facebook
. YourStory.com. https://yourstory.com/2012/05/how-patents-help-internet-companies-
friendster-facebookcase-study
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