Shark Tank
Shark Tank is an America reality Television series that was premiered during the year 2009. It is a reality show where most of the entrepreneurs are trying to sell their ideas for various business ventures or to the ventures that are already established in the market in return also for the stake in the business. The show, however, is based on the BBC’s Dragon Den series in which the larger entrepreneurs gets a three minute to be in a position to pitch their business ideas to the other five multi-millionaires who are also more than willing to invest in their business. Ethics and legal issues about the property is the main take off the reality TV series (Scarlett, 2014).
Business ethics refers to the contemporary standards that any firms should be having. Due to the increase in the legal and unethical standards by many firms, it was necessary to start the show in which it will be enlightening individuals on such. The standards that the firm has set should in a position to depict the professionalism and the moral standards of the firm.
The show, therefore, acts guidance to the possible entrepreneurs who may wish to invest in particular products. Various contestants are therefore presenting their ideas to a group of the investors for them to choose what he/she may want to invest in after being please by particular ideas. Most of the unsophisticated investors that are in the show are Mark Cuban, Kelvin O, Leary and also Barbra Corcoran. Therefore, it is important that those who are providing possible idea should be having the legal and ethical knowledge of the following.
Property rights of the product
Property is the phrase that can be sued to show that a person is the rightful owner of a product. Property rights are therefore the rights that show a person is legally bound