Assess the legal environment of business

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Reference no: EM131836552

Question: Please do not include images or charts

1. Assess the legal environment of business.

2. Explain how ethical frameworks shape business decisions.

3. Compare forms of alternative dispute resolution.

4. Distinguish the four forms of intellectual property

Instructions: Six months ago, Acme, Inc. received a patent on a drug that will provide immortality to all. Acme's president has publicly stated he has no plans to market the drug. Beta, Inc. copies the drug and releases it on the market. Beta makes no profit on the sale of this drug and only charges enough to cover its costs in manufacturing. In 1500 - 2100 words, address the following:

1. Identify the intellectual property implications in this scenario.

2. Discuss how alternative dispute resolution applies.

3. Identify the ethical dilemma faced by Acme, and the dilemma faced by Beta. Use two theories of ethical thoughts to discuss the recommended course of action by both companies.

Use at least four credible sources, one of which is the assigned textbook in this class. Your response must include four credible/quality references.

Your essay must be in APA 6th edition format, and include a title page and references page. An abstract is not required. Please name your assignment file as 'lastnamefirstinitial-Midterm.

Reference no: EM131836552

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