1‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍st Question: Intellectual property law (1300 words) Fred is

1‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍st Question: Intellectual property law (1300 words) Fred is a composer and trumpet player. He has just discovered how to make a completely new valve that will change the length of the tube in a trumpet. He wants to start a private limited liability company making these valves and promoting his musical compositions. Fred intends to ask a friend, Debby, to help him set up a website for his business and another friend Carol to take photographs for the website. He has been told that there are many IP implications not only in stopping people from imitating the valve he has invented but also in preventing people from copying other creations, including his music, name, website contents, and secrets in a new company. Fred has come to you asking for IP advice and wants to know how he can make money from his IP. Second Question: Business law (1300 words) – Chen is the executive director of operations for Stanza (Private) Ltd. Chen is a business consultant for another private limited company called ‘Fortune Ltd’. Chen is also a shareholder in Fortune Ltd. Fortune Ltd is a wholesale-based business that manufactures and sells musical instruments to resellers. The board of directors of Stanza are unaware of Chen’s relationship with Fortune Ltd. Stanza are seeking a new supplier. Chen recommends Fortune Ltd. to Stanza. Stanza agrees with Fortune Ltd. to purchase: 150 guitars for £32,000 120 banjos for £11,000 89 ukuleles for £14,500 Total: £57,500 Fortune Ltd. Will make a profit of £10,000 from supplying the musical instruments to Stanza. As part of Chen’s capacity as a consultant, Fortune Ltd. is expected to pay £2,500 to Chen as a commission. Stanza requires funding to pay for the cost of the instruments. They have contacted their commer‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍cial bank in Manchester (Big Credit) to lend them the entire amount totalling £57,500. Big Credit is concerned about the creditworthiness of Stanza. Stanza is willing to offer its entire inventory as collateral for the loan. Points to consider: 1. All the IP protection involved in creating the music, website and the trumpet valve, including the ownership of these rights. What issues should Fred consider in choosing a trademark for his products? 2. Any suggested ways of commercializing or gaining value from his IP assets, taking into consideration the fact that this is an Ltd. 3. Consider broadly how Stanza can gain the funding needed from Big Credit to acquire the musical instruments. 4. Chen is an executive director of Stanza, and also business consultant and shareholder in Fortune Ltd. Has Chen breached any business law? If yes, which laws and how were they breached? The above issues cover some relevant factors you might wish to consider in your report. You have the discretion, bearing in mind the course content and learning outcomes of the module, to decide in how much detail to cover in your report. To attain a distinction, we would expect that you would discuss beyond the above issues we have provided. Outcomes Assessed: 1. Demonstrate the ability to apply intellectual property and applicable legislation to ensure the exploitation of a marketable idea in an innovative business. 2. Consider the most appropriate legal structure for an innovative business. 3. Demonstrate knowledge and understanding of the type of legal obligations that an innovative business may encounter. 4. Formulate advice on legal disputes that an innovative business may face. 5. Referencing Harvard Style. All has to be within the UK Law , I have made‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ a plan attached

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