There are moral principles and business ethics that guide the way individuals, as well as workgroups, behave in a business environment. The guidelines involve distinguishing between what is right or wrong and help persons in the business industry to make the right choices. It is not however always easy to make and create laws that define the good ethical practices. Companies have a wider responsibility to minimize business harm and the working environment in ways that promote social responsibility. Laws are the key starting points in any business community. Business torts and intellectual property are set out statements of business principles which help to define the core values and standards.
Intellectual Property
To guard their hard-earned establishments and ideas against imbalanced competition, entrepreneurs and company owners require understanding the essence of intellectual property law. The unique items that one has formed and those that give you a commercial advantage are referred to as the intellectual property. A trade secret is explained as the process or formula or any other business statistics that a particular company keeps private as a way of adding business advantage over other competitors. In the case of the ABC paper Corp, the customer list was a trade secret. Although the trade secret, unlike other intellectual properties, cannot be protected by registration, essential steps to regulate disclosure, as well as the use of information, is required (Upcounsel, 2017). Security measures to maintain business secrets in trades are used which include nondisclosure treaties, restricted in right of entry to confidential data as well as after restrictive employment agreements. Looking at the competitors and others in the industry will help protect intellectual property. To make certain that no one else can use unique inventions, mechanism or any other concepts, protecting self and the company is important.
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Business Ethics
The ethics in business are the principle as well as the standard that govern the suitable conduct in a business institution. The conduct that is acceptable in business is shown and elaborated by the government supervisory body, interest groups, customers, competitors, the general public as well as each ethical principle and morals. Ethics believe not only the business makes profit, but also consider the social implications of individual activity. It is the responsibility of the individual to increase the positive impact and reduce the negative influence on the public. Ethics of business relate to Workgroup or individual decisions that the society views as right or wrong.
The downloading of information by Sam from ABC Company illegally and pushing Natalie aside resulting in her being concussed was not ethical. Business ethics refer to laws and regulations that govern the way business is conducted. A lot of problems and conflicts in companies can be avoided if the managers, owners, and employees have the information about business ethics, laws and the legal system (Upcounsel, 2017). It is important also to understand that ethics in business go beyond legal issues. When individuals conduct themselves ethically, they build trust among themselves and business relationship which promotes confidence in business relationships.
Business Tort
A tort is a civil or private wrong against an individual or personal assets that results in liability for which payment is warranted. When an individual owes the legal responsibility to another, the duty is broken, and the breach of duty results in damage that is legally identifiable, that forms the basis of tort liability (Kadian-Baumeyer, 2017). Sam breached his duty in the ABC paper company as an employee and did bodily harm to Natalie in his escape, therefore counted as having committed tort liability. The intentional tort is a deed committed deliberately against somebody with the intention of bringing about harm or damages. Assault, deception trespass, as well as invasion of privacy, is observed in the case of Sam and Natalie. Sam invaded the private life of Natalie Company and caused damages by pushing her to the wall causing bodily harm. Sam invaded Natalie right to privacy in the action of the disclosure of private information for commercial purpose without permission. Natalie also committed Negligence tort by failing to secure the company information that was quickly assessed by Sam.
Criminal Liability
The obligation in the tort law states that we owe others the simple virtue of their status as persons. A lot of the tort law concerns compensation for personal injuries which may have been inflicted by individuals intentionally or unintentionally. The law forms a corrective justice, and its principal function is the compensation of victims for injuries inflicted. A tort is simply the civil wrong that may cause injury to another person. Sam actions subject him to criminal liability for the breach of duty and causing injury. The tort law advocates for owing to duty and not injures any individual and refrain from interfering with the right of others (Kadian-Baumeyer, 2017). The duty was breached when the creation of a reasonable risk on another person was made. The law imposed liability upon an individual when a risk created causes injury to another person.
Business torts and intellectual property are important in the business industry as they maintain law and order. Businesses need regulations to manage and regulate the behavior of individuals as well as Workgroup. Also, the legal means protect the property safeties, and in a situation of a disagreement deprived of the rule of law, there are proven ways of solving them.
References
Kadian-Baumeyer, K. (2017). Tort law: Three types of torts. Study.com . Retrieved from http://study.com/academy/lesson/what-is-tort-law-definition-and-examples.html.
Upcounsel. (2017). Intellectual property protection. UpCounsel, Inc . Retrieved from https://www.upcounsel.com/intellectual-property-protection.
