You are the CEO of Bonner, a U.S.-based farm equipment corporation. Bonner recen

Question

You are the CEO of Bonner, a U.S.-based farm equipment corporation. Bonner recently announced the release of an innovative new tractor with technology based on a patented invention developed by Bonner's engineers. Bonner's vice president, who is aware of the upcoming product offering, bought 100,000 shares of Bonner stock prior to the announcement. You found out about the vice president's stock purchase on the day of the announcement.

One week after the announcement, Bonner received a letter from a German farm equipment corporation, accusing Bonner of patent infringement based on the new tractor's technology.

Bonner's board of directors asked you to assess the vice president's liability for the stock purchase and the company's options for resolving the German corporation's patent infringement claim.

Prepare an infographic for the board (e.g., Piktochart®, Publisher, Glogster®, Microsoft® PowerPoint®, etc.) in which you discuss the following:

Compare the resolution of the patent dispute in a U.S. court with the resolution of the dispute using the World Intellectual Property Organization's (WIPO) dispute resolution program. Search the internet to review WIPO's dispute resolution program. (Information about WIPO's dispute resolution program may be located on their website by searching the Internet for WIPO).

Assess the liability of Bonner's vice president for purchasing the corporation's stock prior to the announcement of the new tractor.

Assess whether Bonner has any legal or ethical duties to disclose the stock purchase, and if so, to whom?

Discuss risk management procedures Bonner can adopt to avoid or reduce situations like these from happening in the future.

Create a 350- to 525-word letter in response to the German farm equipment company in which you:

Explain why Bonner is the owner of the invention

Discuss the intellectual property rights owned by Bonner in the invention

Suggest a method of dispute resolution (e.g., arbitration, mediation, litigation, WIPO dispute resolution), why that method would be desirable for resolving the dispute, and how and where the dispute resolution should be held (United States, foreign country, online, etc.).

Cite a minimum of two references.

Format your assignment according to APA guidelines.

Click the Assignment Files tab to submit your assignment.

Explanation / Answer

This Summary reaction to German Farm Equipment Company will cover the accompanying: Explain why Bonner is the proprietor of the innovation Discuss the protected innovation rights claimed by Bonner in the development technique for question determination (e.g., intervention, intercession, prosecution, WIPO debate determination), why that strategy would be alluring for settling the debate, and how and where the debate determination ought to be held (United States, remote nation, on the web, etc.)(Cheeseman,2015).

1) Bonner is the proprietor of the new development of the tractor that is yet to be discharged. This reality is demonstrated by the situation clarifying that Bonner declared the arrival of a creative new tractor with innovation considering a licensed innovation created by Bonner's specialists. The VP of Bonner had purchased 100,000 offers of Bonner's stock before the arrival of their new tractor that was concocted by Bonner; in this manner, the VP must experience a debate determination with Bonner.

2) A correct that is had by a man or by an organization to have selective rights to utilize its own. The government law gives security to licensed innovation rights. German Farm Corporation must give adequate nitty gritty proof to the judge that demonstrates The Bonner Company conferred patent encroachment. The letter blaming the Bonner Company for patent encroachment isn't sufficient adequate point by point proof to discover The Bonner Company blameworthy of patent encroachment

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