solved Analyze the impact of intellectual property on business functions.Scenario:Your U.S.

Analyze the impact of intellectual property on business functions.Scenario:Your U.S. based company is a new start-up and they sell packaged consumer goods from dish detergent to fabric softener to air fresheners. They want to become the one-stop-shop for all household cleaning needs. Every product is guaranteed to be organic, sustainable, environmentally friendly, and will cost only $4.50 each. You work in the legal department and are assigned the duty to research what it will take to protect the company’s intellectual property rights; specifically, a trademark for their logo.Instructions:Prepare a flowchart in Microsoft Word for the given business situation that analyzes the impact intellectual property has on various business functions. Address the following using full detail and text within the flowchart: Start the flowchart by identifying the different intellectual property opportunities available to the company (such as registering trademarks, trade secrets and patents) and the process a company needs to undertake to secure its rights to those assets.Next, include in the flowchart the requirements to maintain intellectual property protections (such as renewal efforts) under federal, state (students should use their own state of residence regulations) and international laws as well as any other practical measures the company should undertake to protect their intellectual property rights.Provide a summary to the flowchart with an assessment of the impact of the digital era on intellectual property rights that the company needs to consider.Use at least three credible sources. These should be cited and in APA format.ResourcesFor assistance with business writing, please visit Business writingFor assistance with the flowchart, please visit How do I create a flowchart? For assistance with grammar checking, please visit How do I create a Grammarly account?Grading RubricFFCBA01234Did not SubmitNo PassCompetence ProficiencyMasteryNot SubmittedUsed unclear verbiage about the different intellectual property opportunities available to the company (such as registering trademarks, trade secrets, and patents) and the process a company needs to undertake to secure its rights to those assets.Adequately identified different intellectual property opportunities available to the company (such as registering trademarks, trade secrets, and patents) and the process a company needs to undertake to secure its rights to those assets.Clearly identified different intellectual property opportunities available to the company (such as registering trademarks, trade secrets, and patents) and the process a company needs to undertake to secure its rights to those assets.Comprehensively identified different intellectual property opportunities available to the company (such as registering trademarks, trade secrets, and patents) and the process a company needs to undertake to secure its rights to those assets in the well-crafted flowchart.Not SubmittedUsed unclear verbiage about the requirements to maintain intellectual property protections (such as renewal efforts) under federal, state (using student’s state of residence regulations) and international laws, and other practical measures the company should undertake to protect their intellectual property rights.Adequately determined the requirements to maintain intellectual property protections (such as renewal efforts) under federal, state (using student’s state of residence regulations) and international laws, and other practical measures the company should undertake to protect their intellectual property rights.Clearly determined the requirements to maintain intellectual property protections (such as renewal efforts) under federal, state (using student’s state of residence regulations) and international laws, and other practical measures the company should undertake to protect their intellectual property rights.Comprehensively determined the requirements to maintain intellectual property protections (such as renewal efforts) under federal, state (using student’s state of residence regulations) and international laws, and other practical measures the company should undertake to protect their intellectual property rights in the well-crafted flowchart.Not SubmittedUsed unclear verbiage about the flowchart with an assessment of the impact of the digital era on intellectual property rights that the company needs to consider.Adequately summarized the flowchart with an assessment of the impact of the digital era on intellectual property rights that the company needs to consider.Clearly summarized the flowchart with an assessment of the impact of the digital era on intellectual property rights that the company needs to consider.Comprehensively summarized the flowchart with an assessment of the impact of the digital era on intellectual property rights that the company needs to consider in the well-crafted flowchart.Not SubmittedFailed to use or attribute credible sources in the flowchart.Used and attributed some credible sources in the flowchart.Used and attributed mostly credible sources in the flowchart.Used and attributed all credible sources in the well-crafted flowchart.I did this assignment with another tutor and I failed it. I had the attached assignment for review and here is the feedback I got for it:Overall your flowchart is disjointed and hard to work through. You have a lot of work to do on this chart. It requires both identifying different IP opportunities available to the company (Ie identifying the company’s IP), and the process for securign those rights. Then you must identify the requirements for maintaining those rights. I think you understand these first two components are incomplete . You do identify some categories of protection, but these are not set forth in the right format, although they are accurate. YOu also don’t identify how to maintain the IP – 2, 1. . I don’t see any language regarding the assessment of the digital era – 1You have 3 sources, and only 1 of those seems on point with the assignment – 2Please do a new one. Thank you