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The Legal Environment of Business: Text and Cases
9th Edition
ISBN: 9781305764460
Author: Frank B Cross/ Roger LeRoy Miller
Publisher: CENGAGE C
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Chapter 8, Problem 4CT
Summary Introduction
Case summary:The company SS filed a suit against many online retailers for infringement of the patent right. All online retailers paid damages but one of them filed a case in court and won the case. The court passed the judgment that online shopping cart patent claim was not enforceable because the technology already existed before the company S obtained the patent over it.
To Find:Whether the elimination of software patent would be fair to software and technology companies.
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Chapter 8 Solutions
The Legal Environment of Business: Text and Cases
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- How do consumer protection laws intersect with other areas of law, such as intellectual property, privacy, and antitrust?arrow_forwardWhat are the main intellectual property laws, such as patents, trademarks, and copyrights, and how do businesses use these laws to protect their innovations and creative works?arrow_forwardWhat are the potential legal risks and liabilities associated with intellectual property protection and infringement, and how can businesses safeguard their inventions, trademarks, copyrights, and trade secrets?arrow_forward
- Would musicians, artists, writers, and inventors continue to create if they had no patent or copyright protection? Explain your answer.arrow_forwardBusiness law Questions... What is the purpose of trademarks in business?arrow_forwardA patent is the government’s attempt to prevent the exploitation of a product or concept pioneer. It is the only way to provide innovative persons a guarantee that they will receive the fruits of their labor. Why is the patent invaluable to the entrepreneur? Explain your answer with facts.arrow_forward
- What copyrights, trademarks, and the likes do you own or expect to own?arrow_forwardThink 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?arrow_forwardWhat are the legal implications of intellectual property rights? Discuss the differences between copyrights, trademarks, patents, and trade secrets. How can businesses protect their intellectual property and enforce their rights against infringement?arrow_forward
- How do intellectual property laws and policies impact small and medium-sized enterprises (SMEs), and what legal and policy mechanisms exist to support these businesses in protecting their intellectual property rights?arrow_forward1. Why is it important to protect intellectual property? 2. How can the intellectual property protect the rights of investors, scientists and artists?arrow_forwardRead Chapter 1 of your textbook titled Intorduction to Law. Upon reading the material, answer the following questions posed at the end of the chapter. Student responses should show critical thinking and reflection on the subject matter. (Be sure to include the question before your response) A patent is an exclusive right granted to the creator of an invention. Under U.S. law, a patent owner possesses that right for twenty years. The owner can allow another party to make and market a product based on the invention in exchange for a payment of royalties on the sales. According to the United States Supreme Court in a case known as the Brulotte decision, a contract to pay royalties after a patent has expired is unenforceable. Stephen Kimble owned the patent to a toy glove that could shoot foam intended to look like the web of Marvel Comics’ Spider-Man. Kimble agreed to allow Marvel Entertainment, LLC, to sell its version of the toy. Marvel agreed to pay Kimble a royalty of 3…arrow_forward
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