You are the vice president for software development at a small, private firm. Sa

Question

You are the vice president for software development at a small, private firm. Sales of your form's products have been strong, but you recently detected a patent infringement by one of your larger competitors. Your in-house legal staff has identified three options: (1) Ignore the infringement out of fear that your larger competitor will file numerous countersuits; (2) threaten to file suit, but try to negotiate an out-of-court settlement for an amount of money that you feel your larger competitor would readily pay; or (3) point out the infringement and negotiate aggressively for a cross-licensing agreement with the competitor, which has numerous patents you had considered licensing. Which option would you pursue and why?

Explanation / Answer

for this question answer is option 2 is correct because

Policies are the business rules and guidelines of a company that ensure consistency and compliance with the company’s strategic direction. The Policies lay out the business rules under which a company, division, or department will operate. Policies are the guidelines under which Procedures are developed. There is not a one-to-one relationship between a Policy and a Procedure. Policies are not part of the Procedure, because they cannot be properly structured. However, the Procedure must reflect the business rules contained in the Policies. and also As a vice presidents of company I will tell threaten to file suit ,and try to negotitate an out of court settlement for an amount of money that feel the competitor would readily pay.if they do not follow this than company must take legal action regarding this infringement.

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