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ACME wishes to protect this new method of giving vaccines. As Manager of New Products at ACME, you are asked to take on the process

ACME wishes to protect this new method of giving vaccines. As Manager of New Products at ACME, you are asked to take on the process of protecting this new process.

Not only are you asked to protect this discovery but your boss also insists that you identify a legal method which would allow you to offer the use of ACME's new process to other pharmaceutical companies in Canada and the United States as a way to increase the revenues of ACME.

  1. Given that ACME wishes to protect its newly invented process, what is the name of the type of intellectual property protection that is most appropriate in this instance? Define, or explain, this particular type of intellectualproperty protection. (3 marks)
  2. Identify, and briefly describe, the three key factors which must be present before one can obtain this specific type of intellectual property protection. (3 marks)
  3. In what countries should you file for this intellectual property protection in order to satisfy the instructions insisted upon by your boss? (2 marks)
  4. Briefly describe how ACME can increase its revenues by allowing other companies to use its new process. What is the legal name of this type of money-making transaction? (2 marks)

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