The purpose of this assignment is to analyze the effect of domestic and international regulatory agencies and court systems on business transactions and dispute resolution.
Read the following scenario:
You are the CEO of Bonner, a U.S.-based farm equipment corporation. Bonner recently announced the release of an innovative new tractor with technology based on a patented invention developed by Bonner’s engineers. Bonner’s vice president, who is aware of the upcoming product offering, bought 100,000 shares of Bonner stock prior to the announcement. You found out about the vice president’s stock purchase on the day of the announcement.
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One week after the announcement, Bonner received a letter from a German farm equipment corporation, accusing Bonner of patent infringement based on the new tractor’s technology.
Bonner’s board of directors asked you to assess the vice president’s liability for the stock purchase and the company’s options for resolving the German corporation’s patent infringement claim.
Create a 350- to 525-word letter in response to the German farm equipment company in which you:
- Explain why Bonner is the owner of the invention
- Discuss the intellectual property rights owned by Bonner in the invention
- Suggest a method of dispute resolution (e.g., arbitration, mediation, litigation, WIPO dispute resolution), why that method would be desirable for resolving the dispute, and how and where the dispute resolution should be held (United States, foreign country, online, etc.).
Cite a minimum of two references.
Format your assignment according to APA guidelines.