Assignment:Legal Issues Impacting Entrepreneurial Opportunities
Think of an entrepreneurial opportunity. It can be an idea you've had for a new product or service, a product or service you are interested in, or an existing opportunity you've researched such as franchising. Write a paper analyzing the legal issues that would need to be addressed in pursuit of this opportunity.
Answer the following questions in 2-3 pages in length:
Q1 What legal protections would be advantageous for the new business to pursue? Why?
Q2 Would a patent or registered trademark be advantageous? Why?
Q3 How might governmental regulation impact the pursuit of the new business?
Q4 What product safety and liability concerns would there be? What would be their impacts?