Cream-Purple-Abstract-Thesis-Defense-Presentation_20240915_121816_0000.pdf

GROUP # 6 MARIA TRISHA BONDAD SAMANTHA JOICE M. ESTABILLO LAILANE FERDAUS MAMARIONG PAT MARIANO RICARDO MATIC LORELYN JOSE  AGENDA Learners should understand The Importance of Legal New Venture. Identify the different types of Legal New Venture Understand the concept of...

GROUP # 6 MARIA TRISHA BONDAD SAMANTHA JOICE M. ESTABILLO LAILANE FERDAUS MAMARIONG PAT MARIANO RICARDO MATIC LORELYN JOSE  AGENDA Learners should understand The Importance of Legal New Venture. Identify the different types of Legal New Venture Understand the concept of Intellectual Property Protection Identify the different types of Intellectual Property Protection WHAT IS ENTREPRENEURIAL VENTURES ?  INTRODUCTION Entrepreneurial venture is all about trying new things and taking risks to make something innovative that hasn't been done before. The main goal of these ventures is to make life better for people. They create new products or services that solve problems or make things easier. 1 SERVICES PANDEMIC IMPORTANCE OF LEGAL NEW FORM VENTURE Legal forms are important for law enforcement as they provide clear guidelines for agreements and evidence for court proceedings. Entrepreneurial ventures help generate new wealth. Existing businesses may remain confined to existing markets 11 and may hit a limit in terms of income.  TYPES OF LEGAL NEW VENTURE SOLE PROPRIETORSHIP PARTNERSHIPS Types of Partnership - Limited Partnership - Limited Liability Company - General Partnership CORPORATION Types of Corporation / Legal Entity - Nonprofit Corporation - Professional Corporation - Public Corporation 3 INCORPORATION  SOLE PROPRIETORSHIP - Businesses run and controlled solely by one individual proprietor with no distinction between the business and the owner. Example; Local grocery store, a local clothes store and photographer  PARTNERSHIP - Opposite of Sole Proprietorship, it's a business that can be carried by 2 or more people with a common view of making a profit. Example; McDonald's and Coca-Cola partnership or Nike and Apple  TYPES OF PARTNERSHIP - Limited Partnership - Limited Liability Company - General Partnership  LIMITED PARTNERSHIP - Businesses that needs a fund but when someone invest to the business itself all of them will be agreed concede and lose their authority, and making decisions to the investor. Example; Shopping mall and Real Estate Businesses  LIMITED LIABILITY PARTNERSHIP - Has two types of partner First is s one or more general partner all of them have a unlimited liability. Second, One or more limited partner- whose liability is limited based on the amount invested. Example; Google LLC, Pepsi-Cola, Sony, Nike  GENERAL PARTNERSHIP - Sharing management, and profit equally. Each of them have limited liability. Example; Music Groups, Art Galleries, Law Firms  CORPORATION - A legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Example; Apply Incorporation, Amazon Incorporation  TYPES OF CORPORATION - Nonprofit Corporation - Professional Corporation - Public Corporation  NONPROFIT CORPORATION -A corporation that focuses in funding and charity. They are the one who is more losing in profit but when you will look in the big picture they have something to gain too. Because sometimes doing charity and funding they aren't required to pay the taxes if the agreement say so. Example; Gawad Kalinga, Church, and Public clinics  PROFESSIONAL CORPORATION - Organized by one or more licensed individuals (such as a doctor or lawyer) especially for the purpose of providing professional services and obtaining tax advantages. Example; Healthcare professionals and Social workers  PUBLIC CORPORATION - A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over- the-counter markets. Example; Local Government Units (LGU),  INCORPORATION - Incorporation is the legal process used to form a corporate entity or company. The most common example of an incorporation is the company Apple, it was incorporated under the full name Apple Inc. Example; Apple Inc WHAT IS INTELLECTUAL PROPERTY PROTECTION? - Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time. Intellectual property encompasses various forms of intellectual creation, including literary, artistic, inventions, designs, symbols, names, images, and computer code.  WHY DO WE NEED TO PROTECT INTELLECTUAL PROPERTY ? - Protecting intellectual property grants creators control over usage and terms, preventing competitors from easily stealing ideas or concepts.  IMPORTANCE OF PROTECTING INTELLECTUAL PROPERTY Intellectual property (IP) protects the work of inventors, artists, writers, and creators, as well as the reputation of individuals, brands, and companies. 3  FOUR TYPES OF INTELLECTUAL PROPERTY PROTECTION 6  Patents - is a legal right granted to an inventor, which gives them exclusive rights to make, use, sell, or license their invention for a certain period, typically 20 years from the filing date. Trademarks - is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. 7  Copyrights - is a type of intellectual property that protects original works of authorship as soon as an author fixes the work in a tangible form of expression Trade secrets - are primarily protected by compelling parties to sign confidential nondisclosure agreements and providing stringent physical and digital security as a means of protection. 8  True or False Questions 1. Intellectual property protection grants creators rights over their creations to prevent others from using them without permission. 2. Patents, trademarks, copyrights, and trade secrets are the only types of intellectual property protection. 3. Non-disclosure agreements must have a protecting trade secrets. 8 4. A patent allow its owner endless protection against others using the invention. 5. A trademark is a word that identifies a specific product or service. 8 Enumerate the four Types of Legal New Venture 8 Correct Answer: 1.True - because Intellectual property rights give creators control over how their creations are used. 2. True - These are the four types of intellectual property protection. 3. True - because the key for maintaining the confidentiality of non-disclosure agreements is the trade secrets. 4. False - Patents only offer protection for a limited period of time in exchange for disclosing the invention. 5. True - A trademark distinguishes one enterprise's goods or services from others. 8 THANK YOU Presented By : Group 6