Assignment of Business Law

Topics: Competition, World Trade Organization, International trade Pages: 4 (892 words) Published: March 14, 2013
Business law|

SUBMITTED BY:Randeep SinghVarinder GillLovedeep Singh|

Sesamware is a Japanese software company which is very popular for open source software. Sesamware got international approval with an online multiplayer fantasy dimension game, Para World in mid-1990. Para world was very popular in the world between 2001 and 2004. Firstly, it was installed as part of the bundle downloaded by hundreds of millions of gamers around the globe. The open source code helped to easily adapt every facet of computer life for all platforms and operating, networking, navigation and security systems.

Question (1)
A patent is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time in exchange for the public disclosure of the invention. Patent is the most likely infringed because patent is a legal framework that establishes a patent system which supports and encourages technological innovation and promotes economic development. Patents defend inventions and processes. Patents set time for bars for 20 years. It doesn’t give right to others to use their inventions. An infringement of a patented invention involves:

• Any unauthorized manufactures
• Use
• Sale
• Imports or Exports
Actions for infringement:
A business can be temporarily or permanently prohibited from manufacturing or selling the infringing product or process. Patentee can sued who used that patented product and claimed for losses and reasonable compensation. Cost associated with law suits is high. The 1996 anti-counterfeiting consumer protection act it the most recent legislation initiative and provides for other rights like statutory damages for non-willful infringement.

Question (2)
Monopoly and Dominance is the situation in which one seller or company in the whole market for a given type of product or...
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