After years of research, your company has developed a product that might revolutionize the green (environmentally conscious) building industry.The product is made from relatively inexpensive and widely available materials combined in a unique way that can substantially lower the heating and cooling costs of residential and commercial buildings.The company has registered the trademark it intends to use for the product and has filed a patent application with the U.S. Patent and Trademark Office.

1. Provide up tothree reasons why this product does or does not qualify for patent protection.
2. Develop a procedure with up to four stepsfor how your company can best protect its intellectual property rights (trademark, trade secret, and patent) and prevent domestic and foreign competitors from producing counterfeit goods or cheap knockoffs.
3. List and explain up to three ways your company can use licensing.