Property Rights, Cybercrime, and Cyberpiracy’s Impact on Domestic and Foreign Business

Attached Essay received a final grade of 100/110 word count: 2,002 Slide Count: 7 Property Rights, Cybercrime, and Cyberpiracy’s Impact on Domestic and Foreign Business Property Rights, Cybercrime, and Cyberpiracy’s Impact on Domestic and Foreign Business With the advancement of technology and mobility, the globalization of businesses has become the new frontier. However, the development of any business, whether it is domestically or internationally, is a process that involves a long list of legalities and challenges. In this paper, there will be an analysis of the property rights, risks, and benefits of both domestic and international expansion. The process of identifying tangible rights and intellectual property rights will be determined along with how to protect them. Additionally, a discussion of what actions management should take to identify and protect the organization from violating the intellectual property rights of others. Also, an examination of special problems that may arise from property rights and the risk management process to mitigate the legal risks for the business will be discussed. Finally, there will be an evaluation of the contract formation in the organization as it relates to Intellectual Property and a recommendation one main contract method to handle dispute resolutions. Identifying and Protecting Tangible rights: domestically and internationally Organizations and their managers have an obligation to protect the organizations tangible products; tangible products are going to be property that is a physically entity, such as goods, animals, minerals. Tangible products, regardless of their nature and value, are always exposed to risk of being misused by employees; actions such as selling the goods without authorization or even using the goods. It is the responsibility of the manager to have a comprehensive strategy to help assess the risks associated with doing business in their particular industry. However, even with the best policies, most honest workers, and best working conditions, tangible property is still at risk. There are simple ways that an organization can protect or lower the risk for its tangible property domestically: first, an organization should invest in some type of adequate and comprehensive insurance coverage. Although this may not stop the property from being stolen or even damage, it does help the organization financially when an occurrence does happen (Cole, 2014). Internationally, it is no uncommon to find that the laws of the United States and the laws of other countries often clash. According to Seto, Guneralp, and Hutyra (2012) usually this happens when an organization acts in a manner they believe to be lawful or correct; it may actually end up being perceived as wrong in the foreign host’s culture. It is imperative for the managers and operators of the business in a foreign market to understand how to integrate and translate the company’s rights over the property. Identifying and Protecting Intellectual Property rights: domestically and internationally Intellectual property (IP) is intangible and is not as easily protected by organizations as tangible property would be. IP consists to creations of the mind: inventions, innovations, technological advances, literary and artistic works, symbols, names, and even images used for commerce. IP is divided into two categories: Industrial Property and ...

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