Leigh Is Hired by ABC Inc

question 6

Essay

Leigh is hired by ABC Inc. to prepare a software program for a company. She works at home, has hired her own assistants, receives no benefits from ABC, and pays her own taxes. When the work is completed, Leigh begins working for another company. Leigh and ABC have no agreement as to ownership of copyright in the final work. Discuss which party owns the copyright in the software program.

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Definitions:

Interest Rate Risk

Arises from the fact that bond prices decline when interest rates rise. Under these circumstances, selling a bond prior to maturity will result in a capital loss; the longer the term to maturity, the larger the loss.

Real Return Bonds

Bonds issued by the federal government that offer inflation protection to investors.

Income Bonds

These are a type of debt security where interest payments depend on the issuer's earnings, meaning if the issuer's earnings are insufficient, the bondholders may not receive interest payments.

Regular Bonds

Standard debt securities issued to investors that pay fixed or floating interest rates until maturity, where the principal amount is then repaid.