Intellectual Property Law in the UK Case Study Example | Topics and Well Written Essays - 2000 words

Intellectual Property Law in the UK - Case Study Example Margaret is currently negotiating with Leo (a Canadian inventor) to move into a partnership contract between them. It has been noted that Leo has emerged with a new idea which later led to the development of a waterproofing compound that can protect fabrics and tents. The compound developed by Leo also has the ability to protect fabrics from sunlight. Leo gets this particular idea from his grandfather who also mentioned this particular technique in his autobiography named ‘Cold Prospector’ which was published by the Manitou Press of Saskatchewan in the year 1932. The compound that has been developed by Leo has a particular chemical substance that is primarily obtained from the sweat gland of Caribou (It is a mammal that lives in the Arctic region). However, this particular chemical can also be easily synthesized through scientific technique in the absence of the chemical that is present in secretions from the sweat glands of the Caribou. While being in the Canadian Insti tute of Arctic Biology as research scientists, he discovered about how Carabiner (chemical secreted from the sweat glands of the Caribou) makes the fur of the mammal waterproof which further give rise to his invention. However, the findings of the research were later on published in the Canadian Nature Journal. He, later on, gave up his job as a research biologist with the Canadian Institute of Arctic Biology and engaged in a further investigation with the assistance of Canadian Mounted Police. While conducting further tests, new facts were discovered regarding the properties of Carabiner. In the latter scenario, Leo applied for patenting his invention in the Canadian Patent Office. Observably, Margaret is in negotiation with Leo to develop an agreement of partnership between the two with regard to the invention of a specific compound by Leo. Since this invention of Leo is quite beneficial and a major source of conducting profitable business, there is always a danger of the idea to be stolen by others who can use it for their benefit. Contextually, Margaret needs to consider certain aspect with regard to protect the invention after she acquires it from Leo through the agreement.