Unit 50: Consumer and Intellectual Property Law Assignment Sample

Course: Pearson BTEC Levels 4 and 5 Higher Nationals in Business

This unit aims to teach you about the law relating to consumer transactions, consumer credit, and intellectual property as it relates to everyday dealings. You will see that a business operates within a diverse legal framework. Consumer transactions are governed by statutes and regulations creating specific legislation for the sale of goods and consumer protection.

Students will study intellectual property as a creation of the mind to deal with industrial property and copyright. It also allows creators and owners of intellectual property to benefit from their own work. The students will be given opportunities to apply knowledge and understanding to a range of consumer scenarios. They can also evaluate case law relating to consumer rights and protection.

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Assignment solution on Consumer and Intellectual Property Law in the UK

Consumer and Intellectual Property laws are difficult to understand because they cover so many topics. In this article, I will only talk about what consumer law is. This way you can better understand intellectual property law.

Consumer law governs anything that deals with consumers’ relationships with businesses or other entities. It can cover topics like warranties, product liability, truth-in-advertising laws, and more. Consumer law also covers copyright infringement claims involving images or videos posted online by consumers without obtaining permission from the copyright holder first (known as “fair use”).

Learning Outcomes

By the end of this unit students will be able to:

The following principles affect the legal relationship between business organizations and consumers:

  • A person has a right to choose what product they want.
  • A trademark is a property of a company that uses it. That means no one else can use it and get away with it.
  • Intellectual property is not a problem unless it hurts your business.
  • If a person buys something and then gets hurt, they are not in trouble until they find out about the harm.

People in the US have equal power to buy things. This means that every person should be able to find what they want at a price they can afford. When businesses charge more than what is necessary, it is not fair.

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There are no rules about the contract between a credit card company and its cardholders. But most contracts fall under America’s Uniform Commercial Code in Article 2, which deals with transactions on intangible goods. Banks have studied these contracts extensively, so you know what they are.

The agreement usually has three parts. It has introductory terms that have interest rates and annual fees. Then it has clauses about how those change when they change. And it also talks about security provisions for when you don’t pay or default occurs.

Some credit cards offer an introductory period of six months and a low-interest rate. Others offer a longer introductory period with a higher interest rate.

Evaluate the key provisions relating to intellectual property rights

Intellectual property rights are the rights of an author or inventor to their work. This is what the Constitution says: Congress can give authors and inventors of intellectual property (books, patents) a limited-time monopoly on their work.

A key principle that is in intellectual property rights is that they reward creativity with a 20-year monopoly that prevents others from profiting from an inventor’s or artist’s original work. The life of these patents begins on the date of filing in a particular country. Patent rights apply only within national boundaries but not internationally. This means that different countries can have different patent terms based on local laws, while still respecting international agreements governing intellectual property.

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Intellectual property law issues can be complex and confusing for businesses. As a business owner, it is important to be aware of your rights and obligations under intellectual property law. This includes understanding how to protect your own intellectual property, as well as respecting the intellectual property rights of others.

There are a number of different types of intellectual property, each with its own set of rules and regulations. The most common types of intellectual property are trademarks, copyrights, and patents.

  • Trademarks are used to protect words, phrases, logos, and other symbols that identify a particular product or service.
  • Copyrights are used to protect original works of authorship, such as books, music, and artwork.
  • Patents are used to protect inventions, such as new products or processes.

Intellectual property law is constantly evolving, and new case law and legislation are passed every year. It is important to stay up-to-date on the latest developments in intellectual property law to ensure that you are in compliance with the law.

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