The Use of Contracts to Protect Property RightsRead the summary of the Wrench LLC v. Taco Bell Corporation case in the “Ethics: Implied-in-Fact Contract Prevents Unjust Result” section of Ch. 9. It is suggested that you also research and read the full court opinion, using the summary in the textbook to aid your understanding of the legal issues presented. Write a 700- to 1,050-word paper using Microsoft® Word to address the following questions:
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Answer previewIn the case of Wrench, LLC v Taco Bell, the plaintiff who was Wrench, LLC entered into talks with the defendant, Taco Bell. He wanted them to use his Psycho Chihuahua character in their commercials. Although, while still in the negotiations with the plaintiff, the defendant hired a new advertising agency that went ahead to use a similar character in their commercial (Casebriefs, 2018). The ad became very successful, and the plaintiff sued on the grounds that the defendant had breached an implied-in-fact contract.
Type of intellectual property
The type of intellectual property that was at issue, in this case, was a trademark. A trademark refers to either a phrase, word, symbol, or design which is used to identify and differentiate the source of goods of one party from…
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