Assignment of Business Law
SUBMITTED BY:Randeep SinghVarinder GillLovedeep Singh |
Sesamware is a Japanese software company which is very popular for open source software. Sesamware got international approval with an online multiplayer fantasy dimension game, Para World in mid-1990. Para world was very popular in the world between 2001 and 2004. Firstly, it was installed as part of the bundle downloaded by hundreds of millions of gamers around the globe. The open source code helped to easily adapt every facet of computer life for all platforms and operating, networking, navigation and security systems. Question (1)
A patent is a form of intellectual property. It consists of a …show more content…
It was made to improve world business by promoting trade and investment, open markets for goods and services, and the free flow of capital.
These two organizations have power to enforce this law worldwide
General Agreement on Tariff and Trade:
This organization was modified in 1994, and generated to World trade organization. This also had power to enforce this kind of rule world wide
It is used primarily to prohibit the suppression of free competition by making illegal four business practices:
The Clayton Act
It is operating and managing the activities and trade between the corporations in the US.
It also handles the mergers and acquisitions and reducing the price discriminations. * Price discrimination, which is the sale of the same product to comparably situated buyers at different prices. Initial, SesamWare set its price for game was very low as compare to market value and competitor’s price. Eventually, competitors went out from the market and some of them took over by Sesamware and after that they established monopoly in the market by setting higher price like US$150 as annual fees for that game. * Corporate mergers, the acquisition of competing companies by one company.
The U.S. Federal Trade commission Act
It has great empowerment for preventing the persons and corporations from using the unfair methods of competition. In this case study, Sesamware used unfair competition method, because they