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Australian Bioped Ltd has designed a new safety shoe for use in heavy industrial areas - HSC - SSCE Business Studies - Question 8 - 2007 - Paper 1
Question 8
Australian Bioped Ltd has designed a new safety shoe for use in heavy industrial areas. An overseas company wants to manufacture the shoe under licence. Which of th... show full transcript
Worked Solution & Example Answer:Australian Bioped Ltd has designed a new safety shoe for use in heavy industrial areas - HSC - SSCE Business Studies - Question 8 - 2007 - Paper 1
Step 1
Identify the Key Considerations for Licensing
Answer
Before issuing a licence for the overseas company to manufacture the safety shoe, Australian Bioped Ltd needs to consider several important factors. This includes understanding the legal implications associated with contracts and intellectual property rights. Establishing clear contracts can help protect Australian Bioped Ltd's design and ensure that the quality and safety of the product meet their standards.
Step 2
Evaluate Contracts and Intellectual Property
Answer
The option that best reflects a crucial consideration is (C) Contracts and intellectual property. By focusing on contracts, Australian Bioped Ltd can ensure that the overseas manufacturer adheres to its specifications regarding manufacturing practices and protects the company's intellectual property from potential infringement.