For inventors of the works to benefit from the work compels companies to protect its intellectual property thus improving benefits that innovators obtain from their works. Oen source type of production and distribution often portray lack of coordination of an industry. KS developed appropriate mechanisms for the other players to infiltrate the industry. Te company should have developed effective mechanisms of safeguarding its interests and the interests of the company’s employees. Nmerous laws in different markets provide effective definitions of intellectual property besides providing for ways of protecting innovations other similar products.
Te subsequent infiltration of numerous manufacturers and distributors in the industry portrays KMS’s inability to protect its property. Te company failed to petition the other manufacturers who infringed on the rights of its intellectual property. Te intellectual property law is a creative law that strives to protect innovative creations through the provision of patents. Eery innovator enjoys exclusive rights to their creations a feature that guarantees their financial benefits. Filing to patent an intellectual property makes the industry susceptible to people who steal the idea thus financial benefits from the innovation of others.
I considering the option of introducing open source type of both production and distribution, te management of KMS wonders what it would do with its numerous employees. Tis portrays the fact that the management appreciates that the open source type of production and distribution threatens the profitability and longevity of the company. Aong the options, te company should consider is securing its intellectual property by petitioning other players in the industry who manufacture and distribute similar products. Te management claims that the companies copied the design and functionality of its computer game.
Te allegations imply that KMS is the original owner of the intellectual property and it can prove its ownership in a court of law. A such, te company should petition its competitors who manufacture similar products a feature that will ensure that the company benefits from the compensations. Aditionally, potecting its intellectual property by petitioning its competitors in courts of law will safeguard the company’s future. A anticipated of any technological invention, te inventors of the work who are of KMS are likely to develop...
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