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Bug, Inc. Essay

1211 words - 5 pages

BUG, Inc., a Delaware corporation whose main office is located in Los Angeles, California, designs, manufactures, and sells electronic recording devices. (University of Phoenix, 2009) Some of BUG, Inc.’s products are used for surveillance purposes specific to recording and monitoring wire transmittals, conversations, sounds and various telecommunication systems. The company’s clients include law enforcement agencies in throughout United States (University of Phoenix, 2009). The majority of products manufactured by BUGS, Inc. is functioned and operational by software designed by BUG employees (University of Phoenix, 2009). The company is uniquely identified by a logo of a ladybug wearing a set of headphones (University of Phoenix, 2009). The company manufactures its products in the United States and in foreign countries. In the company’s efforts to compete in the global marketplace the company’s board of directors have been strategizing methods of expanding sales and services on the international markets. The board of directors of BUG, Inc. has also considered the strengths, weakness, opportunities and threats involved in taking the company public. The purpose of this paper is to identify some of the corporate structure requirements and major elements BUG, Inc. will need to do business and legal protections for its intellectual property. This paper also explores and discusses exposure to legal issues such as torts, negligence, liabilities and criminal activities that are involved as part of BUS, Inc.’s business operation.As part of the formation of BUG, Inc. the board of directors, officers, primary shareholders and managers is been guided by CT Corporation (CT Corp 2009), it’s agent of service of process. CT corporation provides legal advice and guidance required that BUG, Inc. needed (CT Corp 2009) and informed the company of its “intellectual property rights” (Cheeseman, 2007) that included obtaining a patent on its inventions, copyrights of material directly related to the operation of the business, trademarks such as it’s ladybug logo, trade secrets specific to how the business operates, BUG, Inc.’s trade name and the ladybug trade name, and it’s internet domain name. All of these factors are part of the functions of how BUG, Inc. operates its business. These are valuable assets that are protected from misappropriation by Federal and state laws as long as they are properly filed.BUG, Inc.'s invention was registered with the United States Patent and Trademark Office and the Intellectual Property Office and there is no similar invention registered (Business Link, 2009). The company also filed its trademark with the United States Patent and Trademark Office protect it’s logo, its brand name and the distinctive way the company represents its products. BUG, Inc. also filed a copyright with the United States Copyright Office. This will ensure the protection of its related original works of...

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