Quantative Reasoning Of Business

Quantative Reasoning Of Business

Learning Team Summary
Automotive Industry Tangible and Intellectual Property Rights

Learning team # has selected the automotive industry to research tangible and intellectual property rights.   The information is limited in scope due to time constraints and the vast amount of data relating to this industry.

TANGIBLE PROPERTY
      The tangible property in the automotive industry is not just limited to automobiles. Automobiles are tangible property provided for sale to the general public. Each manufacturer has developed ones own line of small, midsize, large, and possible sport utility vehicles. With the styles and designs protected by Paton laws by each manufacture, it is important to protect the property and rights to each organization in the industry. With the increasing number of ideas and changes to product line, it is more important to provide a product desired by the consumer that will be sellable. By increasing the competition in the industry manufactures desire to move the tangible product off the assembly line, to the dealership, and ultimately to the consumer. The longer tangible products remain on the books, the more liability to the dealership and the manufacturer. Types of tangible property:
Assembly Plants
Office Buildings
Land
Machinery
Equipment, including Robots
Office Supplies
Parts (nuts and bolts)
Finished Cars and Trucks
Dealerships
Fencing
Computers
Raw Materials
INTELLECTUAL PROPERTY
Assembly Line Processes
Computer Programs
Accounting Processes
Robot Technology
Advertising

UTILITY AND DESIGN PATENTS IN THE AUTOMOTIVE INDUSTRY
  Federal law protection for patents is found in Article 1, Section 8, Clause 8, of the U.S. Constitution (the intellectual property clause) that concerns patents and copyrights, “The Congress shall have the power to promote the progress of science and useful arts by securing for limited times to authors and inventors the exclusive right to their respective writings and...