Rob is selling a business with machinery that has been protected from unauthorized use or infringement for the next three years.What type of intangible asset does this involve?
A) Goodwill
B) Trademark
C) Patent right
D) Copyright

Question

Quizplus · Accepted Answer

A patent right is an intangible asset that provides protection for inventions, including machinery, from unauthorized use or infringement for a specified period, typically 20 years from the filing date.

Rob Is Selling a Business with Machinery That Has Been