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Question

  1. What should a Buyer consider to make certain that he or she is not exposing himself or herself and his or her company to excessive legal risks?
  2. Select and specify a corporation that is of interest to you.  Now select a product or service it provides to customers.   Next, explain how one or more of the elements of Intellectual Property Law discussed in Chapter 15 of our course textbook is applicable to that product or service.  How does this relate to Supply Chain Procurement and Global Sourcing?
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Solution Preview

Buyer needs to ensure there are certain procedures of inspection in the contract, which should be carried out during the acceptance of product or when required at any phase of transaction. Price Protection clause: Further, a price protection clause in the agreement can protect buyer in the case where the 

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