Asked by Megan Sibley on Feb 18, 2024
Verified
An employee has been developing a company product for the last 3 years when he decides to leave the company.That product is a glue that remains tacky for hours,enabling certain types of artwork to be performed.After he leaves the company,the employee joins another company and finalizes the glue development for his new company.Who is likely to own the rights of the intellectual property involved in the formulation of the glue?
A) the employee; he invented it
B) the original company who paid for the product to be developed
C) the new company because the product was released while the employee worked for it
D) The glue cannot be considered intellectual property.
Trademark
Any word, name, symbol, or device used in business to identify and promote a product. Its counterpart for service industries is the service mark.
- Recognizing the importance of ownership and rights in the development of a product.
- Identifying the role of employment contracts and agreements in determining ownership of intellectual property.
- Understanding the concept of intellectual property rights.
Verified Answer
BO
Brian OchsnerFeb 18, 2024
Final Answer :
B
Explanation :
The original company who paid for the product to be developed is likely to own the rights of the intellectual property involved in the formulation of the glue. This is because the development of the product was part of the employee's job responsibilities and was paid for by the company, which would make it work for hire and the property of the company. Additionally, the employee may have signed a non-compete or non-disclosure agreement with the original company that could prevent him from taking the intellectual property with him to a new company.
Learning Objectives
- Recognizing the importance of ownership and rights in the development of a product.
- Identifying the role of employment contracts and agreements in determining ownership of intellectual property.
- Understanding the concept of intellectual property rights.
Related questions
Cross-Licensing Occurs When Two Patent Holders License Each Other to ...
Reverse Engineering Is an Unlawful Way to Discover a Trade ...
In Order for a Work to Be Copyrightable,it Must Be ...
Computer Students Who Watched Their Teachers Go Out on Strike ...
Chad Was the Best Private Detective in the West ...