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Legal Considerations
A. Missing Lynx owns totally the IBIS package. Thus,
investors only have to deal with MLS.
IBIS was developed totally "in house" and does
not depend upon any patented or copyright technology
controlled by other companies. It was specifically
engineered to take advantage of the vast amount of
business solutions to specific business issues available
in the public domain arena (e.g. the NASA shelf-life
management protocol system) as opposed to using
proprietary information or re-inventing the wheel. We
have taken currently existing solutions and supplemented
these with in-house engineered specific solutions where
these did not exist and seamlessly integrated these
solutions into an efficient intuitive package.
The bottom line in this strategy is that Missing Lynx
Systems owns 100% of the IBIS IP (intellectual property)
so that an investor can be assured that there will be no
complicated shared ownership issues with outside
entities.
B. IBIS is a Software Package--thus, falls under
copyright, not patent law, so legal expenses are minor, low
overhead.
Intellectual Property (IP) ownership is governed
by two different sets of standards. Hardware of any type
falls under patent law, which is very complicated and
legally expensive to navigate. Software on the other hand
falls under the jurisdiction of copyright law. Copyright
law is well established and straightforward, with a
multitude of precedents. This keeps legal expenses
comparatively low when dealing with IP in the copyright
domain.
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