In: Operations Management
You are an entrepreneur and just started a new business in the restaurant industry.
The business
must
be hypothetical (made-up) for this assignment.
Please propose a plan for protecting your hypothetical intellectual property (IP). Your plan should
consist of the following information. Please keep in mind that you may find that some categories are
more applicable than others. This is perfectly acceptable as long as you analyze each category.
Trademark Protection
: Start by demonstrating your understanding of what subject matter
trademark protects. Survey the subject matter that would receive trademark protection in your
hypothetical restaurant business.
Patent Protection
: Explain what types of inventions are patent eligible. In your business,
explain whether you would have any items that would have patent protection. You may also
comment on whether you need to apply for a patent. Feel free to use your imagination in
thinking about potential inventions that may be applicable in a restaurant.
Copyright Protection
: Generally, list the types of works that may receive copyright protection.
Survey the types of items in your business that may receive this protection, if any.
Trade Secret Protection:
Demonstrate your understanding of trade secret protection. Would
this type of protection be applicable to your business? Why or why not? If applicable, describe
what steps your business might take to keep this protection.
Distinguish between the types of protections:
Give a brief overview of your understanding of
how the above protections are different. Then discuss which type of protection is most
applicable to your business.
Infringement Concerns:
Identify any concerns that you have about infringing on a competitor’s
intellectual property rights. Describe what steps you might take to avoid this problem.
Relevance and Significance of Intellectual Property:
Is it important to understand these
different types of intellectual property protections before starting a business? Why or why not?
Please explain any benefits that students receive from studying this information.
answer-
(protection of intellectual properties in restaurant industry)
to do new restaurant business person needs to be careful about its intellectual property because sometimes the inventions of the entrepreneur can be infringened to breached if he doen not make a plan to protect it.the plan should include followin points-
trademark protection-
trademark protection in restaurant industry is the protection to name, logo menu items and in some cases, food designs—all these things can be protected by trademark law.
patent protection-
patent is the protection for a limited period of time to the invention of the person.in this patent protection should be given to materials include machines, manufactured articles, industrial processes, and chemical compositions
potential invention in my business for patent inventions are-
method for making molten lava cake.
composition & ingridients to make the new style fish & chips.
Copyright Protection-
list of works under copyright protection are-
Menu designs, marketing materials, and a restaurant’s website fall under copyright law.
formula of combination of receipies, wesites for my hotel, contents of the blog for my restuarants etc are some under copyright protection.
Trade Secret Protection-
the trade secret is any information used in a business that gives the owner an economic advantage over competitors who do not know or use the information.
Trade-secret information can “include a formula, pattern, compilation, program, device, method, technique or process.
the list under trade secret -
Distinguish between the types of protections-
each protection is important in its own ways like
.according to me, trademark & copyright protection are most important to my bussiness as in my restaurants most of the things like dishes, processes, use & combination of ingridients etc are the results of my mind or creation of my mind.
Infringement Concerns-
to start a business i would look that my creations & name logo is uniques & not other competitors have the same things or nearly same things as me.because i do not want to infringe the rights of others.
steps to avoid the problem-
Relevance and Significance of Intellectual Property-
yes, this important to understand these protections before starting business because if do not do that then you would face many problems in the start of your business like legal suits, titles like copycat, or your work inventions may get benefits to others more than you if do not protect them.
benefits to students-
* as EA, i can answer 4 subparts of a single questions but i tried to answer all in my own words.hope these answers would help you.good luck.