True or false: Intellectual property represents significant assets to an entrepreneur and should be understood before seeking the services of an attorney.True false question.TrueFalse

True or false: Licensing is an important marketing strategy for entrepreneurs who wish to start a new venture but need permission to copy or incorporate the patent, trademark, or copyright with their ideas.True false question.TrueFalse

Question 3True or False: Intellectual property rights are a public good1 pointTrueFalse

True or false: The relationship of an entrepreneur of a new venture and external advisors can be enhanced by seeking out the best advisors and involving them thoroughly and at an early stage of the development of the venture.True false question.TrueFalse

True or False QuestionTrue or false: An entrepreneur of a new venture can gain information on competitors initially by utilizing as much public information as possible and then complementing this with a marketing research project.

TASK 01 (LO 1)Intellectual property usually relates to innovation of individuals or organizations. Such innovationsor new creation developed for the market is a property of the first person or organization.Generally, they claim the ownership of the innovative product. It is their right to identifythemselves as legal or lawful owners of the creative thing. Presenting such product in the namesof others or using such product for other developments or sale without the knowledge of the firstperson or organization (without getting the consent of the creator) is illegal. Such claim belongsto the category of stolen intellectual property.1. Briefly explain different kinds of law can be used to protect intellectual property of aperson or organization? [05 Marks]2. Critically analyze the main issues of these laws when protecting software as anintellectual property (i.e. creating proprietary software). Justify the findings by givingreal world examples.? [15 Marks]3. Give ethical justification protecting software as intellectual property? Give real worldexamples for the justification. [10 Marks]4. Some people argue that software is not “intellectual property”. Briefly explain withexamples. [08 Marks]5. As IT professionals are you going to depend on proprietary software? Is there anyalternatives for proprietary software? briefly explain [04 Marks]