Article Review
Article Review
ARTICLE SYNOPSIS The article focused on patents in e-business and intellectual property. Patents are important when running an e-business. This is so because it is on an open market and the competition may be from any location. E-business should be aware that patents might not automatically cover new invention. Before opening an e-business potential owners should research e-business patent laws (Mello, 2002). They should be aware of domestic and international laws. Understanding general patents will help e-business owners better understand e-business patents. Patents are only enforceable in the country which it is established. Therefore, e-business owners need to determine the different countries they may potentially go into business with so they can be protected (Mello, 2002). E-businesses are still fairly new and many laws still need to be updated to protect these types of businesses. E-businesses owners have to be more careful than traditional business owners as they are more prone to fraud and copyright infringement. In order to have a clear chain of title for intellectual property e-business owners should have employment contracts. Having employment contract that include clauses that protect the company’s information is very important in running an e-business. These clause need to clearly state that the employer is entitled to all intellectual property developed by employee during the course of their employment (Mello, 2002). Once patents are obtained, they can be used to keep outsiders out of the e-business space, to bargain, to produce revenue through licensing, and as collateral for potential investors. Potential investors or partner will have more confidence going into an e-business contract if there are patents in place (Mello, 2002).
LEGAL ISSUE In 1 to 3 sentences, identify the legal business issues raised in the article.
One of the legal business issues raised in the article
ARTICLE SYNOPSIS The article focused on patents in e-business and intellectual property. Patents are important when running an e-business. This is so because it is on an open market and the competition may be from any location. E-business should be aware that patents might not automatically cover new invention. Before opening an e-business potential owners should research e-business patent laws (Mello, 2002). They should be aware of domestic and international laws. Understanding general patents will help e-business owners better understand e-business patents. Patents are only enforceable in the country which it is established. Therefore, e-business owners need to determine the different countries they may potentially go into business with so they can be protected (Mello, 2002). E-businesses are still fairly new and many laws still need to be updated to protect these types of businesses. E-businesses owners have to be more careful than traditional business owners as they are more prone to fraud and copyright infringement. In order to have a clear chain of title for intellectual property e-business owners should have employment contracts. Having employment contract that include clauses that protect the company’s information is very important in running an e-business. These clause need to clearly state that the employer is entitled to all intellectual property developed by employee during the course of their employment (Mello, 2002). Once patents are obtained, they can be used to keep outsiders out of the e-business space, to bargain, to produce revenue through licensing, and as collateral for potential investors. Potential investors or partner will have more confidence going into an e-business contract if there are patents in place (Mello, 2002).
LEGAL ISSUE In 1 to 3 sentences, identify the legal business issues raised in the article.
One of the legal business issues raised in the article