Statement 1
Intellectual property rights are socially-enforced economic constructs that influence how resources are owned and used. According to your post, Google is suing PointBreak Media, Kydia and Supreme Marketing Group for inappropriately using a resource of Google without consent. The use of intellectual property laws is engulfed on several principles that influence resource use. First, the right to various resources rest with their owners ranging from use and earning from a good, as well as transferring the good to other parties.
Starting a legal suit by Google against PointBreak Media, Kydia and Supreme Marketing Group is aimed at protecting the property rights that Google holds over the Google search engine. Since smaller businesses may not have adequate resources to undertake such a suit like Google is undertaking, the precedent will be sufficient in protecting smaller businesses from scammers. It is illegal according to property rights laws to charge a fee for a service that is provided by another party and for which the fee claimant did not offer as in the case of Google and the fraudulent companies.
Delegate your assignment to our experts and they will do the rest.
Any company has a right and responsibility to provide a policing track for their trademarks since a trademark is a property right belonging to the party owning the trademark. It is, therefore, a duty to Google to prevent a tainting of its trademark by other fraudulent companies.
Statement 2
Businesses operate in a legal framework which forms the basis for contracts that businesses enter with third parties. Since a contract has a termination clause and a penalty for any breaches, a business can be largely affected by contract disputes. As you have presented the case of Walgreens and Theranos Inc Company, a legal suit may affect the operations of the affected companies. It is right for Walgreens to sue Theranos since the quality of service may be a policy of Walgreens, and therefore failure by Theranos to provide quality service to clients may lead to losses on the part of Walgreens.
It is important to prevent legal suits from being lodged against any business since there is the likelihood that the lawsuit will affect business and consequently profits.
