Business and Corporate Law
|Subject||Business and Corporate Law|
|Topic||Mid Term Exam|
|Sources / references||6|
|Description / paper instructions
Gemma and James have pooled their savings to create a start-up company to develop and market an idea they conceived while students together at MIT. They obtained permission to use a college lab during late night hours a few nights a week during their last term before graduating to work on the project. Then they were able to move to James’ parents’ garage, which they keep locked.
Now they need more sophisticated resources. They have created a prototype robotic device, called “Phoebe,” that will aid first responders in disaster relief by sensing and locating survivors remotely in areas unsafe for humans and dogs to navigate. Phoebe’s ensors will locate living beings, scan vitals and assess level of trauma.
Gemma and James have mapped out both private and public, civil, and military, applications of their invention, plus continued R & D improvement into next-phase capabilities.
They have not shared their theory, the prototype, their documentation or any of the associated hard and soft technologies with anyone, but anticipate needing to do so to obtain a funding source.
They are concerned about others learning of their technology ahead of their chance to obtain IP protection and customers, because they caught a nosy ex-classmate of theirs, Clarence, hanging around their lab.
EXPLAIN AND DISCUSS IN A WELL ORGANIZED PAPER:The type of business organization Gemma and James should use to organize their business entity and why;
The four types of intellectual property (IP) and which of these have application to Gemma and James’ invention, Phoebe. Include case law that illustrates these;
The steps Gemma and James should take to protect their invention.
What recourse they might have against Clarence (or someone like him) if he has indeed obtained knowledge of their invention, and how such a dispute might be resolved using types of ADR.
Concepts that should be included in your essay:
Types of business organizations; considerations for organizing and operating a business;
In addition to the case law, you must research and cite scholarly sources, one of which must be your textbook. (See rubric – Exemplary level requires at least 4 sources plus textbook.)
Please review the Rubric for this Assignment, as it is included as part of the instructions .
Also attached: APA Paper- Writing Tips PPT to assist you in formatting your paper and citations. You might also refer to Purdue’s THE OWL, and APUS Library for APA guidelines.
Word length: The Exemplary level of the Rubric is 1500-2100 words. This requirement is exclusive of title page and the References list. Also, you do not need to include an abstract. If you do, it is not part of your word count.