LAW 531 Property Rights, Cybercrime, and Cyber Piracy’s Impact on Domestic and Foreign Business Heriberto Ramirez

LAW 531 Property Rights, Cybercrime, and Cyber Piracy’s Impact on Domestic and Foreign Business Heriberto Ramirez LAW/ 531 November 2, 2017 Professor Gregory Henderson Property Rights, Cybercrime, and Cyber Piracy’s Impact on Domestic and Foreign Business Businesses today have expanded with the onset of technology being a major contributing factor for companies to operate successfully. Corporations have established operations both domestically and internationally while developing these businesses with a closer observation of local and international laws. Managers are faced with challenges in recognizing intellectual, personal, and real property with sound decision making being based on managers understanding of property rights. To add to the difficulties, cybercrime, cyber piracy, and the impact of operating both domestically and internationally provide unique encounters. This article will analyze a scenario where the board of directors at this author’s place of work will be examining the possibility of expanding the business domestically and internationally. Actions Managers take to protect the Tangible Property Rights Managers at PKL Services take many actions to identify and protect the tangible property rights of their business. “Tangible personal property includes equipment, vehicles, furniture, computers, clothing, jewelry, and the like. Intangible personal property includes securities, patents, trademarks, and copyrights” (Cheeseman, 2016, p. 291). Since this author’s place of work involves aircraft servicing, many of the tools utilized to perform the servicing include inventories before beginning any work on the aircraft. These tool inventories prevent foreign object debris (FOD) from entering engine areas that may cause aviation catastrophes. These tool inventories involve tangible properties, both real and personal property. These inventories are