Homework: The Use of Contracts to Protect Property Rights
Read the "Summary of the Wrench LLC v. Taco Bell Corporation case" It is suggested that you also research and read the full court opinion, to aid your understanding of the legal issues presented.
Read the "WHAT IS EXPRESS AND IMPLIED-IN-FACT CONTRACT AND QUASI CONTRACT"
Write a 700 to 1,050 words paper using Microsoft Word. Address the following questions:
I. What type of intellectual property was at issue in this case? Were these ideas entitled to protection under the law?
II. Explain the difference between an implied-in-law (quasi contract) and an implied-in-fact contract. (READ ATTACHED DOCUMENT FOR DEFINITIONS) What type of contract was at issue in this case?
III. Explain what the parties could have done differently to protect their rights and avoid this dispute.
IV. Explain how a properly written contract could have been utilized for the licensing and use of the intellectual property to prevent the issue, and provide terms you would recommend being included in such a contract.
V. Identify and explain each of the elements that would have been necessary to form a valid contract.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.