'Law week solo Essay\r'

'The article expound the growing world of stockes and the law’s need to keep up to define new developments. A lot of companies right a fashion rancider services or products online in some(prenominal) capacity, making them an E-Business. Some companies wreak almost entirely online, such(prenominal) as Amazon. Other companies that operate mostly offline, such as Coca Cola, still represent some sense of presence online. As aires grow in these capacities, they must harbor their intellectual property. Intellectual property is the inventive product of a business, often 1 that generates revenue.\r\nPatents, trademarks, and right of first publications protect you from other businesses victimisation your products without authorization, as strong as protect you from using products that you may not be reliable to physical exercise. Though in that location argon some precautions put in show already, such as trademarks, patents, and copyrights, Legislation is constantly functional to bugger off sure all told parties argon protected as the world of E-business evolves. jural ISSUE In 1 to 3 sentences, identify the legal business issues raised in the article.\r\nThe article details the play practiced by cyber-squatters. When the internet became a legitimate vehicle to do business with, cyber-squatters purchased world foretells that were trademarks of businesses. For example, Ford Motors would subscribe to buy back the domain name to Ford. com to protect their trademark and not bear potential business. However, this was dealt with when congress passed the Anti Cyber doodly-squat Consumer tax shelter Act (ACCPA). MANAGERIAL berth Discuss how the legal issues affect business.\r\nFor example, could the problems induct been avoided? Explain. Discuss realistic solutions supported by sound legal and business principles. Protection of intellectual property is extremely grand to any business. As a prudent manager or business owner, or even an e mployee, you must protect the yeasty asset of your firm. The internet had unforeseen capabilities to be a very useful business application. A company needs to be aware of cyber squatters, potential business opportunities, and foreshorten methods to protect their trademarks and copyrights.\r\nCyber squatters are people who use domain names that are the same or similar to a well known organization. This is done with the intent of interchange it to the highest bidder, often the organization itself. The intent is to make scratch. Other times, this is done to generate to a greater extent website traffic, which in addition usually leads to increased profits, all at the expense of the major organization. Cyber squatters also target new companies that may beat valuable in the future by purchasing domain names in advance the company gets its trademarks and copyrights.\r\nWhen the internet was initially launched, galore(postnominal) businesses did not foresee it being a valuable busi ness application. It was written off by many, but some with anticipation saw an opportunity to take prefer of these businesses. term many businesses did not scratch themselves in online ventures, cyber squatters decided to purchase domain names that resembled the businesses. This led way to a lot of cyber crime against corporations. Additionally, many businesses alienated out on potential profits by not taking good of the internet.\r\nAs stated before, the most grievous thing a business rat do is protect its intellectual property. In addition to copyrights, trademarks, and patents, certain acts have been passed worry the ACCPA to help protect businesses and people. While there are avenues put in place to help protect intellectual property, these measures are not entirely foolproof. The best way to protect anything is to have foresight and comprise it before a problem arises. A new company or IP may be protected by seeking patents, copyrights, and trademarks as soon as the product or company has been created.\r\nWhile it may seem like a hassle at first, it jackpot do a lot of protection in the long run. Also, a product can be the most creative and unequaled attributes possible, making it easier to prove bad trustfulness in court. When a person or company has taken measures to protect themselves with copyright and similar precautions, they stand a frequently better chance of winning in the legal realm. This way, everybody is protected, and those who intend to do price are far more belike to be prosecuted under the law.\r\n'