ENTREP

This is an individual's unique idea turned into an invention or patent, or utility model.

declares that it shall protect and secure the exclusive rights of scientists, investors, artists, and other gifted citizens

a. Copyright and Related Rights; b) Trademarks and Service Marks; c) Geographical Indications; d) Industrial Designs; e) Patents; f) Layout-Designs g) Protection of Undisclosed Information

a meeting of minds between two persons whereby one binds himself concerning the other, to give something or to render some service.

this is being satisfied once parties agree on the terms of the contract

service to be provided or performed under the contract

this is the 'why" of the contract that dictates its nature.

includes or entails other things or undertakings of value

includes a benefit that holds legal obligations but agrees that the service or benefit is being remunerated

includes liberality or generosity that involves contracts of donation

is a liability that arises from the breach of duty affixed by the law that magnifies the invasion of any legal rights that cause loss or damage

Is the law that protects the rights of people from any physical, financial, or privacy breaching harm.

also known as the Philippine Competition Act (PCA) or the Republic Act 10667.

This happens when there is an interest in a certain aspect – financial, work, personal relationships, or business outside that will compromise each other.

This is the misleading action that uses another person's identity to deceive and let an offender have an unlawful gain

series of government-mandated do's and don'ts. It can be decisions or practices, or agreements within a business.

series of operations set to ensure consistent and fair deliverance of products and services

this differentiates the business giving them the full right to use a name, symbol, jingle, or character in conjunction with a specific product or service, and no one can do the same in selling their products

the authority of the owner of the work, product, or service to reproduce the invention for a specific time frame – seventy years, including the author's life.

relates to the ability of an industry to cope with the changes in the market.

Relating this to ego and distrusting others, no man is an island.

To put up an opportunity into business, entrepreneurs invest financially. Most aspiring businessmen or entrepreneurs underestimate the large amount of money they need to start a business.

This factor occurs when an entrepreneur became too complacent or comfortable with his/her invention or produced a business that he/she stopped adapting to the changes of the market and the needs of the people

Many starting or developing entrepreneurs can either be of good leadership or not. Starting up a business doesn't always equate to having leadership or managerial skills.

Sexier in business is not always what is around. Entrepreneurs tend to go big and far because they are fond of jumping from new ideas to another.

Success in business boosts one's pride, but when it grows, an entrepreneur must be able to abandon his ego.

second force magnify the youth's participation

another force that exemplifies the importance of sustaining the core values of a destination over traditional development.

industries must be able to immerse to the changes and transitions of the environment and the market itself.

ability of these two (2) industries to cope up without compromising the market conditions

is the way of generating several new ideas about a specific topic.

comes up from an individual through writing all the interesting business ideas

incorporates a group of people with a facilitator.

This rule prohibits any chuckles, raised eyebrows, or any facial expression

This rule is allowing every idea to be welcomed regardless of rules

This rule restricts formal brainstorming to get the essence of a shared idea instead of writing everything perfectly.

the rule that let the facilitator acknowledge one idea and move to another quickly.

emphasizes the concept of the statement that the same birds with the same feathers flock together

most common way of generating new ideas

thought that could possibly or impossibly meet the criteria of an opportunity. This is a crucial starting point in entrepreneurship

Opportunity is the idea that people put into action.

This stimulation is defined as seeing an opportunity after starting a business.

This stimulation happens upon seeing a problem or gap in a community

ability of an idea to produce a product, service, or business that will be appealing to the potential market.

defined as the characteristics of an idea to support the need of a place by meeting the demand of a product or service for whatever season it may serve.

means the durability of an idea or its possibility. An idea to be considered an opportunity may take some time to be developed

An idea to become an opportunity must highlight its ability to produce a product or service beneficial to its end-user or consumer.

an innovative way of taking every opportunity by being accountable for today's resources to fulfill future needs and wants.

defined as creating something new with value by giving time and effort by supporting it with financial, psychic, and social risks.

is a pursuit of growing wealth, employment, and social good by professionally applying knowledge, skills, and competencies

is about doing businesses that are relevant to the hospitality industry, such as lodges or accommodation

type of tourism where people travel or do a business within their country of origin.

Defined by the United Nations World Tourism Organization (UNWTO), international tourism includes the movement of inbound and outbound tourism, which involves residents or visitors'

These are the businesses that extend over a year and operate even out of season. They are usually the type that adapts to production while being accountable for government policies and social changes

These are the businesses that make every production manageable.

There are seasonal fluctuations in demand that are happening in every industry.

This is a relevant characteristic as this will help the entrepreneur know what products or services to produce to meet consumer needs.

This emphasizes that successful entrepreneurs are not afraid of failure.

Intellectual Property

Section 2

Section 4

Contract

Consent

Object

Cause

Onerous Contracts

Remuneratory Contracts

Gratuitous Contracts

Tort

Tort Law

Antitrust Law

Conflict of Interest

Fraud

Tourism Policies

Hospitality Policies

Trademark

Copyright

Globalization

Resisting Advice

Insufficient Capital

Inability to Manage

Poor Management Skills

Chasing Sexy

Ego Tripping

Contribution and effects

Balance

Adaptability

Self control