Week 3 Irac Brief

Week 3 IRAC Brief
This week’s objective for Learning Team D was to understand the difference between personal, real and intellectual property issues. Through this paper the team will analyze an intellectual property lawsuit using the IRAC method. Finally the team will discuss appropriate methods to address potential property issues and how to safeguard intellectual property in a business setting.
Personal Property is movable and is not part of a land. It can be tangible or intangible. Tangible personal property includes household goods, furniture, business equipment, vehicles, collectibles, and jewelry. Intangible personal property is property that has no physical existence, such as, securities, stocks, bonds, and other intangible assets.
Real property is the land and the things permanently attached to the land, such as, house built on a land, barn, trees, minerals, corps, plants, and house hold fixtures like faucets, cabinets, doors, and windows.
Intellectual property is the creation of the mind for which exclusive rights are recognized. Intellectual property is a property known as intangible rights. Patents, trademarks, copyrights, design rights, and trade secrets can be categorized as Intellectual Properties.
It is almost impossible to steal real properties, often difficult to steal tangible property such as furniture and equipment, but intellectual properties are much easier to misappropriate.
IRAC Lawsuit analysis
Apple alleged that several Samsung products infringe on its patents. Apple originally filed this lawsuit against Samsung in 2011, and it's just one of dozens of ongoing patent lawsuits currently being waged between the tech titans across the globe. In this latest case, the International Trade Commission ruled in favor of Apple. The commission said Samsung products infringed on two Apple patents, one for touch screen multi touch and another related to headset plug detection....