Copyright And Trademark Law Chapter Summary

This chapter opens another realm of complexity that I would be of great value to me as an engineer. Coupled with starting a new business idea is a set of rules and regulations which an entrepreneur must be weary of. Some innovation can be patented due to its uniqueness and as an incentive for encouraging more innovation. A long and sometimes tedious process is detail by Dr. Kuratko. Part of the process is keeping evidence of how you came up with an idea, in black and white. I have learned the importance of doing so in my engineering classes and through internships. Patent, Copyright and Trademark law are set to protect the original inventor from people who want derail you venture with counterfeits. Also in this chapter Dr. Kuratko defines the types of business ownership model an entrepreneur can be interested in, with corporations being the largest and most confusing to me. He also states how companies my face doom as bankruptcy and liquidation. This can be exemplified by Trump who filed for bankruptcy several times.
Many companies are subjected to lawsuits regularly for unintentionally violating leases and agreements. When you start a venture, there are promises that you make to employees, partners and your customers. These groups of people depend on you to deliver those promises and the law also protects them from you breaking the agreed upon