For the following question, write a short essay response. You must include APA7th ed. formatted sources in support of your essay in text and the full references at the end of your answer.

December 31, 2023December 31, 2023 Discipline: Business and Management

ESSAY QUESTION FACT SCENARIO: YOUR ESSAY IS BASED ON THESE FACTS:

Caddy and Carol are entrepreneurs who together own a limited liability company, CALO-C, LLC They are inventors and have invented a widget that can be plugged into a mobile phone or personal computer to detect unsolicited third party access of camera and/or audio recording features on the equipment and block the intruder with a repeating loop of nonsense gibberish that can be stopped on the intruder’s device only by the widget’s primary user. This widget has a proprietary design, software, and operating code. CALO-C is calling it “LoktYU.” Currently the only intellectual property (IP) protection CALO-C has employed is trade secret.

QUESTION

CALO-C asks the following specific questions about additional intellectual property (IP) for protecting their widget. Please list the correct answers. 

1.  (10 pts) Identify the IP that should be used to protect CALO-C’s use of the name “LoktYU.” What is the definition of this IP? iF they want federal protection where do they file for it?

2. (10 pts) CALO-C, LLC is the creator of the widget’s software. Identify the IP that protects the operating code. What is the definition of this IP and State how long it lasts owned by company.

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