Section 6 - Regulatory Issues
Introduction: Any business is affected by regulatory issues.
In this section, we will ask you to identify any:
1. Patents
2. Copyrights
3. Trademarks
4. Licenses
5. Permit requirements or other regulatory issues affecting your business.
TOPICS:
1. Intellectual Property Protection:
Instruction: Will your products, services or processes be protected by patents, copyrights, and trademarks? If so, please describe what is covered. If no, leave this section blank.
Sample Answer:
Sanchit Shirts will have their garments protected by its Brand name.
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2. Regulatory Issues:
Instruction: What other regulatory issues could directly affect your operations? For example, are you in a regulated industry? Will your business require licenses and permits? What steps are you taking to address these issues?
Sample Answer:
The only licences required to operate a manufacturing firm is a business licence. The garment manufacturing industry is not regulated; But if in the future any regulations are implemented the company will follow the respective regulations.
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