Reference no: EM133615052

Question: Protecting Innovation: A Case Study on Intellectual Property Objective: The objective of this case study is to help students understand the concept of intellectual property, its various forms, and the importance of protecting intellectual property in a real-world context. Students will analyze a specific scenario and develop recommendations for safeguarding intellectual property rights. Case Study Scenario: Background: Imagine a small software development company named "NovaTech" that has recently created a groundbreaking application called "SmartSaver." This application uses cutting-edge technology to help users save money by optimizing their daily expenses. SmartSaver has the potential to disrupt the personal finance industry and generate significant revenue for NovaTech. Case Study Timeline: January 1, Year 1: NovaTech starts developing the SmartSaver application. June 1, Year 2: SmartSaver is officially launched and gains popularity. October 15, Year 2: A competitor, "TechSavings", releases a similar application with some features identical to SmartSaver. Case Study Questions: 1.What is the different form of intellectual property and how do they apply to NovaTech situation?