There are many rules and regulations that governments establish for businesses that help guide businesses, and at times can hinder businesses crossing international boarders. Some business sectors complain on the restrictions that come with government regulations, but there are also numerous programs and laws that benefit businesses. Industries are primarily regulated due to public welfare and safety. Different industries are reviewed and monitored regularly because if their activities or tactics go awry, there can be significant negative effects to a community's structure, financial success, and can have harmful health outcomes to the public. Foreign policy is the term referred to for a government's strategy in how it interacts …show more content…
Intellectual property is protected by the intellectual property rights (IPR) law. This law basically states that the creator of the intellectual property is righted to benefit from it and/or companies also have the right to ownership of the intellectual property their employees create. Intellectual property can be traded to other countries as well.Through the use of licensing (giving permission from the licenser to the licensee via trademark, brand name, or patents), the intellectual property is allowed to be recreated or used in an identical version in another country. Licensing agreements tend to be a cheaper, low-risk option and an easier way to gain market-entry in another country. (BOOK) Entering the market varies for each country. Each nation is able to create their own regulations and policies that vary from each other. If seeking to enter a foreign market, a company must research the country and understand its culture, and how to operate in it. They should also understand the different business relationships in the country that will impact their industry. Lastly, it is important to reach out to the foreign trade corporations in the country, or the US embassy in that country, that can help offer advise on entering local
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In week 10 of spring semester we discussed chapter 11’s Intellectual Property Law. “Property establishes a relationship of legal exclusion between an owner and other people regarding limited resources.” In this chapter, we learn that the Constitution allows Congress “to promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors to the exclusive Right to their respective writings and discoveries.”
Intellectual property rights give the creator exclusive rights to the intellectual property for varying lengths of time, depending upon the type of intellectual property. It is an intangible asset to a company. Business partners and financial institutions will have confidence to invest or collaborate with the organization. In addition to protecting their creation, business owners can maximize the value of their IPs in many ways. They can franchise, license out or transact their IP.
With the emergence and growth of the internet, intellectual property laws are much harder to enforce and many people are saying that they are outdated and obsolete. Intellectual property allows you to own your ideas, thoughts, and creativity as you would own a piece of tangible property. The human mind is a creative tool that comes up with ideas, designs, schemes, and inspirations of all kinds. Intellectual property views these ideas as being property. The ideas must also have commercial value and be a tradable commodity otherwise there would be no point to protect it. Intellectual property is basically the ownership of ideas. If one were to write a novel, for which the idea was conceived in there mind, they could copyright that novel so that no other person could steal that idea and write another novel on it. Copyright is a type of intellectual property. The main types of intellectual property are patents, trademarks, trade secrets, and copyrights. There are many issues arising about copyright and intellectual property due to the technological advances in the past ten years or so.
Intellectual property protection has become increasingly popular in the last century. Many factors have probed interest in this area of the law. A few of those factors include musicians seeking protection of their musical talents through use of copyrights, companies seek to protect inventions of advanced production capabilities, companies create trademarks that differentiate their unique goods from competitors, and companies like Coca-Cola protect their undisclosed ingredients for their products through use of trade secrets. These examples are to gain an understanding of how and why intellectual property rights help companies seek advantages in the marketplace. Furthermore, as the world shrinks because of advancements in transportation and computer technology, intellectual property rights become a large part of entrepreneurship and product development. This paper will discuss the interesting and challenging topic of intellectual property protection. The four basic types of intellectual property include copyrights, patents, trademarks and trade secrets; we will discuss the intellectual properties in the order in which they are listed.
Foreign policy could be explained to be a set of ambitions that seek to prescribe how a nation will relate at an international level with other nations of the world and to an extent with non state actors in pursuit of its national economic, political, social and cultural interest.3
The basis of e-business is intellectual property, which holds trademarks, domains, copyrights, patents etc. This article helps understand how trademarks, domains, copyrights, patents, etc. relate to one another and their use in the virtual world including protecting them against issues in cyberspace.
The Foreign policy is the way the government dealt with its own people and other nations. The U.S gets involved in many foreign affairs such as the Spanish-American War, World War 1, World War 2, the Cold War, and the War on Terror. Over the course of these wars, the Foreign Policy has changed America’s power and influence around the world. In 1898 through 1919, the Foreign Policy was to be involved in foreign affairs if the U.S needed resources and land. U.S helped Cuba gain independence and created the Platt Amendment that allowed the U.S to have naval bases on Cuban soil. In 1914 through 1917, the U.S’s Foreign Policy was to maintain its neutrality throughout World War 1; however, if
Foreign Policy is a very common topic today. Foreign Policy is the strategy or process when dealing with other nations. There are two different types of Foreign policy used which are Moral Idealism and Political Realism. They both have their own way of running external things from their country the best one is Moral Idealism.
Assignment Question 1A. As defined in the text, Australian Intellectual Property Law, ‘a typical passing of situation is one which the defendant represents that its product originates from or is in some way associated with the plaintiff or plaintiff’s business when that is not the case.’ Passing off is a tort designed to prevent a trader from damaging another trader’s reputation or goodwill as a result of the defendant’s conduct. It may do this by the adoption or imitation of some business indicia of the plaintiff including; brand name or business name, signs that could easily be associated with the plaintiff’s product, and many other indicia under which a product is being sold. In determining whether the defendant’s (ALDI’s) packaging
To understand the power struggle relating to foreign policymaking, it is crucial to understand what foreign policy entails. The Foreign Policy Agenda of the U.S. Department of State declares the goals of foreign policy as "to build and sustain a more democratic, secure, and prosperous world for the benefit of the American people and the international community." While this definition is quite vague, the actual tools of foreign policy include Diplomacy, foreign aid, and military force.
What is Foreign Policy? Foreign Policy is a nations’ attitude, actions (ie economic sanctions, peacekeeping, military activity) as well as our dealings with other countries (ie trade, immigration, aid, defence) and anything that is directed towards preserving and furthering certain national interests. Foreign Policy seeks to maintain national security, promote economic and trade interests, expand regional and global links, and promote the nation as a good global citizen.
Many sectors of production has been affected tremendously because of the strict regulations implemented by the government to import and export, in addition to the bureaucracy required to obtain dollars in order to fulfil international trading.
When it comes to doing business internationally the decision making is more complex. There are many interactions between each country that need to be addressed. In order for a business to be successful in the international market they need to examine and analyze all the facets of their company. They need
Intellectual property is information, original ideas and expressions of the persons mind that have profitable value and are protected under copyright, patent, service mark, trademark/trade secret regulation from replication, violation, and dilution. Intellectual property includes brand items, formulas, inventions, data, designs and the work of artists. It is one of the most tradable properties in the technology market.
Visas: Visas are required by many countries and cannot be obtained through the Office of Passport Services. They are provided by the foreign country's embassy or consulate in the United States for a small fee. The traveler must have a current U.S. passport to obtain a visa; many cases, a recent photo is required. The traveler should allow several weeks to obtain visas, especially if traveling to developing nations. It is important to note that some foreign countries require visas for business travel but not tourist travel. Therefore, when company representatives request visas from a consulate or embassy, they should notify the authorities that they will be conducting business. Business people should check visa requirements each time they travel to a ccountry because regulations change periodically. Contact an Export Assistance Center to learn about documentation requirements for the countries where you will be traveling.