Intellectual Property Law, Scenario based question Essay

Intellectual Property Law, Scenario based question - Essay Example Marina and Ms. Leona developed a concept while at college and used it upon graduation to develop related products and market them through the companies they had established. Their products, known as the ‘Bus Weasel’ and the ‘Tube Ferrett’, operate by sourcing data from GPS locators on public vehicles and video images from CCTVs in the London underground to estimate the amount of congestion at various traffic points and compute alternative, less congested routes that the users of these products may take to overcome potential delays. The two products described above have faced intense criticism through the publication of a book titled ‘Rush Hour Weasel’ that has not only criticized their concept, but has also projected them as threats to public security. Further, another company is marketing a similar product known as the ‘Metro Rat’ in the cities of New York and Paris and hopes to expand into other locations. Under these circumstances, Maria and Leona (henceforth referred to as the Clients), who maintain registered trademarks for all their products, logos, brand names and slogans, face the potential threat to their business from various corners. The subsequent chapters will highlight some of the avenues that the clients can adopt in order to mitigate the risks faced by their companies and products s using the laws for intellectual property. There will also be an elaborate focus on utilizing these laws to identify areas for charging the publishers and the competitor on relevant grounds to make up for any damage caused. A copyright is an intellectual property that provides exclusive rights to the owner of an original piece of work for a specific period of time. A copyright covers several aspects concerning the intellectual property ranging from its use and distribution to its publication and adaptation1. Without a copyright, or after the expiry of the copyright, the work is

ECONOMICS Essay Example | Topics and Well Written Essays - 1000 words

ECONOMICS - Essay Example The price of coffee in Cote d’Ivoire will tend to be high locally while in Vietnam, the prices will be low as much will be imported. 2. (a) The law of one price will hold in the case of rice traded freely in U.S and Canada. For the law of one price to hold, the market should be free from any trade barrier. The relative price is less than one. (1/1.04=0.9615) (b) The law of one price will not hold in the case of sugar traded in Mexico and the U.S. This is due to the imposition of quota by the U.S government o imports. The relative price is less than one. (1/93.05=0.0107) (c) The law of one price will hold in the case of Big Mac sold in the U.S and Japan. This is due to the fact that the good is identical. The relative price is less than one. (1/12.93=0.0773) (d) The law of one price will not hold in the case of haircuts in U.S and the U.K due to the fact that there is no good being traded internationally. The relative price is greater than one. ... .12 Canada(C$) 1.04 1.09 -0.05 1.16 -0.02 Denmark(Krone) 5.17 8.26 -3.09 5.34 -0.17 Eurozone(euro) 0.69 0.93 -0.24 0.72 -0.03 Japan(Yen) 93.05 89.6 3.45 92.6 0.45 Mexico(peso) 12.92 9.24 3.68 13.8 -0.88 Sweden(Krone) 7.14 10.9 -3.76 7.90 -0.76 The change in exchange rates is not consisted with the PPP implied exchange rates. The failure of the Big Mac Index to correctly predict changes in the nominal exchange rate between July 2009 and Jan 2010 can be attributed to the fact that, the demand for the big Macs products is not uniform in all the countries. The price of the big Mac varies significantly from country to country due to the difference in commercial costs such as advertising and transportation costs. 7. (a) Korea Japan Rate of Inflation Rate of Inflation 12/6=2% 2/1=2% (b) The expected rate of depreciation will be, (2.5-2.0)/2.0=0.25% (c) New inflation rate in Korea 15/6=2.5% (d) The increase in money supply will lead to a decrease in the price level and an increase in the exc hange rate. (e) Suppose the bank of Korea want to maintain an exchange rate peg with the Japanese Yen, they will have to choose a money growth rate of 14% to keep the value of the won fixed relative to the Yen (f) In order for Korea to implement a policy that will ensure appreciation of the won against Japanese Yen, they need to set a growth rate between 12% and 16%. This is because the range will allow for a steady growth with low rate of inflation. 11. (a) Importance of having a nominal anchor. Nominal anchor such as exchange rate is that it provides a simple approach that can easily be understood by all members of the public. It also provides a quick means of curbing high inflation rate. A major drawback according to Obstfeld and Rogoff, (1996) is that it leads to loss in the independent