Patents and Trade Secrets

Use examples from the readings, lecture notes and outside research to support your answers. The assignment must be a minimum of2 full pages in length2 – outside sources.Follow APA guidelines for citing and referencing source.Chapter 61. Chapter 6 noted that Friendster has obtained a number of social networking patents that it could potentially assert against other social networking sites such as Facebook and MySpace. Suppose you are corporate counsel at one of these two companies and you expect that you may eventually be sued by Friendster. In addition to contesting the validity or enforceability of the Friendster patents, what are some of your other options?Chapter 72. The CEO of a small but promising start-up company is in need of an experienced engineer to head up a key aspect of the business, and has selected Sam as a leading candidate. If hired, Sam would not only be exposed to the proprietary technology that already provides a significant advantage in the market, but would be tasked with developing additional proprietary information and software. Sam is currently an employee of XYZ Corp., a competitor of the start-up. What potential problems might the CEO want to consider? What steps could the CEO take to address these problems?3. Read about the Gramm–Leach–Bliley Act (GLBA). Discuss the impact of the GLBA on the financial services industry