Intellectual Property and Asset Management for Itech Production Studio

Student ID: Student Name:
1
Opportunity Journal 3_Semester 2 2018
Legal Issues
Intellectual property & Intellectual asset Management
Answers
1.
The name for my business can be Itech production studio. The best business legal form of this
business would form a partnership. The advantaged of this legal form are:
 It will be easier to raise capital when needed
 In case of losses, the burden will be shared among the partners (Bygrave & Zacharokis,
2014)
2. To ensure that this new business does not infringe someone else intellectual property, I will
consider the following issues :
 Planning and preparing: it will be of great importance for me beginning and issue
concerned with product promotion, content promotion as well as promoting other
materials belonging to my business, I consider taking time and conduct thorough
research on related patent and copyrights to ensure my idea is not already protected by
another person with a different IP copyright.
 Always read the fine print: before entering into contracts related to my business, it
safe to always read all the partners’ terms and condition for licencing and contracts any
content and save some copies for future claims in case of infringement.
 Consult experts where necessary: it will be of great importance to always consult
experts like lawyers on areas relating to intellectual property infringement. This will
help me whenever claims are made on alleged infringement by for instance, by my
competitors. (Uzialko, 2018)
3. For my production business, I can patent the filmmaking process. Most importantly the event
from script writing to the point of the film been shown on the screen. Patenting this process
will prevent infringement of the inventions that my business employs to produce these audio
files and films. It’s good to register for the trademark since in case of IP infringement; it will
be easy to enquire and protect the invention through proceedings (Summerfield, 2018)
4. It’s very important to secure my business trademark through the application of trademark