Companies, ABC and D have joint and intellectual property ownership with each other. Companies ANB re-create and distribute products without consulting C and D. What impact has joint intellectual property ownership on C and D in relation to AMB‘s actions
Joint intellectual property ownership between companies C and D means that they both have legal rights to the intellectual property created in collaboration. This ownership gives them the power to control how their intellectual property is used, including prevent unauthorized re-creation and distribution of their products.
In this scenario, company ANB's actions of re-creating and distributing products without consulting C and D are likely a violation of the joint intellectual property ownership agreement. This can have serious consequences for C and D, as their intellectual property rights have been infringed upon.
C and D may choose to take legal action against ANB for their unauthorized use of the jointly-owned intellectual property. This can result in financial losses for ANB, damage to their reputation, and strain on their relationship with C and D. It is crucial for companies with joint intellectual property ownership to have clear agreements and communication channels in place to prevent such issues from arising.