Part II
Address the following questions in Part II of your paper or video:
A. Choice of Business Entity
From a legal perspective, what type of business entity is your firm; e.g. is it a “sole proprietorship”, a “partnership”, an “LLC”, or a “corporation”? What are the main advantages or disadvantages of this form of ownership?
B. Contracts
What is the most important contract or contractual relationship your firm has entered into? Who is the other party to the contract? Do you expect both parties to honor the contract?
C. Intellectual Property
What is the single-most valuable type of intellectual property that your firm owns? How did your firm acquire the legal rights to this intellectual property?
D. Litigation
What is the most important lawsuit (or potential lawsuit) your firm is currently facing today? Is your firm the “plaintiff” or the “defendant” in this case? And if this case were to go to court today, which side is most likely to win and why?
E. Ethics
What is your firm’s ethical culture like?
F. Picture or Diagram
Lastly, please include in the body of your paper at least one diagram, picture, or cartoon that illustrates or otherwise elucidates any one of your answers to the questions in Part II.
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