In: Economics
Read the following scenario - I ask each of you to make up a parody (funny imitation, like Weird Al does) of the song "Blurred Lines" by Robin Thicke and Pharrell Williams.
One of you comes up with a GREAT version and as our next class project we decide to create a corporation, with each of us as equal shareholders. We work together to see if we can produce and post a financially successful video. Next thing you know we are the biggest thing since "Gangham Style" (currently at 3.4 BILLION hits, don't ask me why!). We quickly exceed 100 Million hits for which we earn a penny a piece. So we now have $1,000,000 to split 35 ways and that number is only going to increase.
SAD NEWS: We get a letter from the lawyer for Thicke and Williams saying we have violated their clients' intellectual property rights and they want two-thirds of the money we've made (and will continue to make) off the song. We don't want to share!
1. Construct an approximately 125-word argument (it can be more, but much less would not be good) as if you are representing Thicke and Williams, clearly outlining what right they have to "our" money (be sure to talk about the specific area of law, how their right was acquired, what protection they are entitled to, and what damages they could be entitled to).
Under United States Federal Law under there is Constitution for Intellectual Property Violation Act, Where Support for Copyrights, Trademark, Patent, and Trade Secret, Here you Violated Copyrights protect creators of original works such as Photographs, Art Music, Ideas of Music, and Also Copyrights or Important steps, Also Without Permission of Williams and Tickle or their Client, You did Parody Funny Version of "Blurred Lines" Which is Violation of Intellectual Property-Copyrights Which is generally last for the owner’s lifetime plus 70 years.
Williams and Tickle Already Registered "Blurred Lines" Copyrights, And Make Parody version of it, is Violation of Intellectual Property- Copyrights, If You Did Contract before do it, then it is not violation.,
But Now you did Violation, So Tickles and Williams lawyer can send Cease and desist letter for Violation,
So you have to pay as Per Williams and Tickle Demand as Two-Third % use of common laws,
Other wise if case was filed, then you have to Accept Court Decision, Which may be Provided Full Amt. $1000000 To Williams and Tickle,
So better to Provide Two- Third Share of $1000000.
Cause You Violated law, Or Violated Intellectual Property- Copyrights so better to Share Amt. As per Demand of Williams and Tickle.