Written Assignment Unit 5
MBA Business Administration
University of the People
BUS 5115-Business Law, Ethics, and Social Responsibility
Agricultural-Biological-Technology is the future, and a company developing a new “gene”
that would make food more nutritious would have a valuable asset if no other company
could use their discovery. Make an argument as to why businesses that develop modified
organisms should be able to preserve their property rights by patenting such organisms.
It is an accepted idea that the person who came up with a new idea should be recognized and
deserves to take credit for his invention. This idea could help society in one way or another. The
arrangement was basically for ideas concerning physical phenomena or abstract ideas the
originator of the idea will be recognized but no form of financial compensation for the use of the
idea by others. If the idea takes a tangible form the inventor will have exclusive possession.
The legal system provides the inventor a lawful monopoly for a limited period to benefit society
from the use of this new idea while respecting the ownership of the inventor. In the U.S.,
Congress has the authority to establish a Federal Statuary body of law that provides patents
based on the Federal patent statutes (title 35 of the United States Code) derived from article
section 8, of the Constitution.
The inventor and their backers will have exclusive rights to produce, use, or sell their invention
for the specified period and then disclose all information related to this invention to the public
(Zhou, 2015). The purpose of this law was to encourage inventors and their financial backers that
risk their time and money in research and development by providing patents. The law will also
encourage public disclosure of inventions or new ideas which might be kept without the
protection of this law (Zhou, 2015).
There are many advantages that we can see from providing patents for companies that focus on
developing modified organisms by manipulating genes. The patent will provide these companies
ample time to research their discovery without competition, which is useful true for smaller
MBA Business Administration
University of the People
BUS 5115-Business Law, Ethics, and Social Responsibility
Agricultural-Biological-Technology is the future, and a company developing a new “gene”
that would make food more nutritious would have a valuable asset if no other company
could use their discovery. Make an argument as to why businesses that develop modified
organisms should be able to preserve their property rights by patenting such organisms.
It is an accepted idea that the person who came up with a new idea should be recognized and
deserves to take credit for his invention. This idea could help society in one way or another. The
arrangement was basically for ideas concerning physical phenomena or abstract ideas the
originator of the idea will be recognized but no form of financial compensation for the use of the
idea by others. If the idea takes a tangible form the inventor will have exclusive possession.
The legal system provides the inventor a lawful monopoly for a limited period to benefit society
from the use of this new idea while respecting the ownership of the inventor. In the U.S.,
Congress has the authority to establish a Federal Statuary body of law that provides patents
based on the Federal patent statutes (title 35 of the United States Code) derived from article
section 8, of the Constitution.
The inventor and their backers will have exclusive rights to produce, use, or sell their invention
for the specified period and then disclose all information related to this invention to the public
(Zhou, 2015). The purpose of this law was to encourage inventors and their financial backers that
risk their time and money in research and development by providing patents. The law will also
encourage public disclosure of inventions or new ideas which might be kept without the
protection of this law (Zhou, 2015).
There are many advantages that we can see from providing patents for companies that focus on
developing modified organisms by manipulating genes. The patent will provide these companies
ample time to research their discovery without competition, which is useful true for smaller
