Property Rights Example

The process of protecting tangible property of an organization entails engaging in getting a legal ownership title for the property. Such could include acquiring a title deed for the land capital and official documentations for all structural and capital investments in the organization. As a manager, identification of company tangible properties is gained either from available company documents or information given during orientation process in the company. This means that a manager should engage stakeholders in the organization to identify company property and then seek legal qualifications for the property ownership.

Q2. Intellectual property rights on the other hand are protected by the US Patent and Trademark Office (USPTO) which serves to grant and administer trademarks and patents. Therefore, to identify intellectual properties of an organization a manager should qualify whether such are register with USPTO. This will help them appreciate whether or not the company enjoys and exclusive rights of the property. On the other hand, protecting intellectual property right entails ensuring registration of the product with USPTO as well as identifying and taking legal action against its use by other business entities. Q3.

The registration of intellectual property under the American law dictates against double or closely related registration. To protect violation of others’ intellectual property rights, a manger should ensure unique registration for its intellectual property. Another action is observing the provisions of a strategic alliance agreement that gave it the legal authority to use another company’s intellectual property. This is crucial in eliminating conflict of interest in business as well as limiting liability to the company. Any arising conflict on uniqueness of intellectual property should be reported USPTO for resolution.