A funny post (not by me):
"Let's say I start a company called "Balls of Steel" to produce pinball-themed underwear. My designs are fabulous and I'm awesome. My first design, titled "The Silver Hammock", blows everyone away. Everyone wants a pair, so I sell preorders to a lucky 100 people. Well, turns out I'm full of ****. I show up at Underwear Expo 2015 with prototype underwear made out of styrofoam, but they aren't wearable yet. Oh well. I run out of money, can't pay my employees, file for bankruptcy and Balls of Steel is dissolved.
Fast forward to Underwear Expo 2017. A new company called American Crotch Covers announces they are making a new underwear designed by me. Looks intriguing, but people are suspicious. But don't worry, ACC decides they will make exactly 100 pair of "The Silver Hammock" to go to original buyers!
Of course this would never happen, but I have questions.
1) After a company is defunct, who owns their intellectual property? Can I just use intellectual property from a failed company at my next job?
2) Can company "A" manufacture something designed by company "B" after its dissolved? Who decides?
3) Can a company legally benefit from using intellectual property of a defunct company? By paying a former employee as a consultant?
Your input will help me devise my next scam, so thanks in advance"
Oh how i lol'ed.
