In the 1968 film “Chitty Chitty Bang Bang”, the main character Caracatus Potts is an impoverished inventor who is trying to commercialize his inventions. He discovers that the candy made by a machine he has invented creates a whistling noise when blown through due to the holes created during the manufacturing process. He calls his new candy a “Toot Sweet”. Excited about his new product, Mr. Potts immediately approaches a well-established local candy factory “The Scrumptious Sweets Co.” owned by Lord Scrumptious with the intent of selling his candy. The conversation is unsuccessful due to the interference from the local canine population (link). In this assignment, pretend that instead of approaching Lord Scrumptious, Mr. Potts has approached you for advice regarding the management of his IP. Format this assignment as if you are writing the report to Mr. Potts, having met with him briefly to discuss his invention.