Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter A, Problem 1TIT
Summary Introduction

To discuss: Whether to apply for patent, copyright, or trademarks, or some of these to protect band name and songs.

Introduction:

Patent is a legal power which is provided by the sovereign authority to the investor to make and sell its invention and restricted to make others.

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You have been hired by an inventor of a new power cell for cars, trucks and boats, who has some inquiries from prospective investors who would like to know more about the invention before they put their money into the business.  He has not yet incorporated his business, but likes the idea.  You must advise him as to how to protect his intellectual property.  He has only applied for one patent that is not yet approved.  What else should he do?  Describe any essential steps in the patent process.
Answer the below question by filling the text box below: 1) When you develop, patents and copyrights become a concern. In your own words, explain the difference between patents and copyrights. Explain the purpose and benefits of patenting and copyrighting. 2) In your own words, clarify the difference between Engineering and Technology. Explain the aim of each one and Support your explanation with examples.
Think of a time you created something you were very proud of. Maybe you wrote a song, a poem, a short story. Maybe you designed and built your own wooden chest or bookshelf. Maybe you made up a game. Maybe you drew or painted a picture. Now imagine that someone else from your school suddenly showed up with the exact same creation and was showing it off proudly, claiming that they made it. Copyright laws are in place to prevent things like this from happening When you create websites, you may want to borrow pictures from other sources. Why is it important that you cite your sources?
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