Bill graduated from NEU in 2014. Based on the work he did at NEU, Bill wrote a c
ID: 383333 • Letter: B
Question
Bill graduated from NEU in 2014. Based on the work he did at NEU, Bill wrote a coempater program that cd financial status of a social networking web site, as long as the web site uses certain file structures. Bill is selling his softweare product under the name Social Accounts. Bill also wrote a book on the optimal file struchures for web sites Optimize Computational Efficiency of Social Networking" What forms of intellectual property protection shouald Bill obtain to maximize his intellectual property rights in his various creations? Describe the rights and benefits derived from each foru of intellectual property protection he should obtain f The book is titled. "How to QUESTION 13 To violate another's trade secret rigles, one muExplanation / Answer
The forms of intellectual property protection Bill should obtain to maximize his intellectual property rights are:
Patent rights for the computer program- this right is granted for an invention after which the owner can decide whether or not and how he wants his invention to be used by others.
Copyright for his book- this is a legal term that givesthe creator rights over their literary and artistic works.
Benefits of the intellectual property protection:
- Intellectual property rights can help in generating income for the creator from his creation as he can market his creation and earn money from it.
- It adds value to the creation as the work of the individual is legally protected.
- It helps the owner to prevent the unauthorised use of the protected intellectual property.
- It helps maintaining a monopoly to be maintained to the exclusion of competitors.
- In case the intellectual property is to be sold to other party, it can be easily done by transfer of ownership legally.
- It also helps in watching the activities of competitors.
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