Question
As part of the financing mentioned in Problem 11, the investors insisted on a comprehensive intellectual property review of Vision Works. The investors want to
As part of the financing mentioned in Problem 11, the investors insisted on a comprehensive intellectual property review of Vision Works. The investors want to ensure that Vision Works' IP is protected and, if not, it takes steps to do so as a condition of the financing.
Vision Work's most crucial IP asset is the software developed for use in the animation process. The software is based on unique code and enhances animation in several ways. It allows animators and designers to use AI to speed up the animation process. AI is not new to animation. However, Vision Work's software is much faster than any other system. The system is so efficient and easy to use that Mark thinks the technology could be sold to consumers as amateur animation software with some modification.
While Mark knows IP protection is important, he has not given it much attention. He knows that in Canada, software is protected by copyright. He has not filed for a patent.
- Concerning software, compare and contrast copyright and patent protection in Canada. Should Vision Works file for a patent in Canada?
- What steps should Vision Works take to protect the software globally? Research international copyright and patent treaties as they relate to software. Give a summary of your findings and recommend a course of action for Vision Works.
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