Question 1

Briefly define patent, copyright, and trademark, and explain how long they last.

Accepted Answer

The answer of Briefly define patent, copyright, and trademark, and...

Question 2

Rick wrote a song entitled "Wonderful." At the bottom of the first page of the music, he wrote "© 2018 by Rick Reed." Four months later a local band was playing his song at a bar. Rick felt that the bar was an inappropriate setting for his music. What is his remedy?

Accepted Answer

The answer of Rick wrote a song entitled "Wonderful." At...

Question 3

Identify the main provisions of the Digital Millennium Copyright Act.

Accepted Answer

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Question 4

A trademark lasts for
A)20 years after the application is filed.
B)70 years after the death of the creator.
C)10 years, but it can be renewed for an unlimited number of terms as long as it is used.
D)as long as it is kept confidential.

Accepted Answer

A trademark lasts for 10 years, but it can be renewed for an unlimited number of terms as long as it is used. This means that as long as the trademark is actively being used and renewed, it can last indefinitely.

Question 5

Ernest invents a novel, useful, nonobvious product. He
A)must apply for a patent within one year of selling the product commercially.
B)is entitled to a patent over someone else who invents the same product if he is the first to invent it.
C)may receive patent protection for two years by filing a simpler, shorter, cheaper provisional patent application while he is working on his complex, regular patent application.
D)may sell his product for up to five years to see how well it sells before going through the complex process of filing a patent application with the PTO Office.

Accepted Answer

According to U.S. patent law, an inventor must apply for a patent within one year of selling the product commercially. Failure to do so will result in losing the right to apply for a patent.

Question 6

What is the best definition of a trade secret ?
A)A formula, device, process, method, or compilation of information that, when used in business, gives the owner an advantage over competitors.
B)Any combination of words and symbols that a business uses to identify its products or services and distinguish them from others.
C)The right of an inventor to prevent others from making, using, or selling his inventions for a limited time.
D)The right of a creator to exclusively reproduce, distribute, and perform her work for a limited time.

Accepted Answer

A trade secret refers to any formula, device, process, method, or compilation of information that is used in business and provides an owner with a competitive advantage over rival firms. The owner of a trade secret must take active steps to maintain its secrecy, such as through confidentiality agreements and restricting access to the secret information. Unlike patents, trade secrets do not expire, but they can be lost if the information becomes public or is independently discovered by others.

Question 7

Explain what a trademark is.

Accepted Answer

The answer of Explain what a trademark is....

Question 8

A company's trade secret lasts for
A)20 years after the application is filed.
B)70 years after the death of the creator.
C)10 years, but it can be renewed for an unlimited number of terms as long as it is used.
D)as long as it is kept confidential.

Accepted Answer

Trade secrets do not have a specific expiration date or term of protection. Instead, they are protected as long as they are kept confidential and not disclosed to the public. Once a trade secret is disclosed or made public, it loses its protection as a trade secret.

Question 9

Derrick buys a CD but after listening to it, decides he doesn't like the music. May he legally sell the CD to someone else? If he thinks his cousin would enjoy the music, may he legally copy the CD for her?

Accepted Answer

The answer of Derrick buys a CD but after listening...

Quiz 27: Intellectual Property

Briefly define patent, copyright, and trademark, and explain how long they last.

Rick wrote a song entitled "Wonderful." At the bottom of the first page of the music, he wrote "© 2018 by Rick Reed." Four months later a local band was playing his song at a bar. Rick felt that the bar was an inappropriate setting for his music. What is his remedy?

Identify the main provisions of the Digital Millennium Copyright Act.

A trademark lasts for

Ernest invents a novel, useful, nonobvious product. He

What is the best definition of a trade secret ?

Explain what a trademark is.

A company's trade secret lasts for

Derrick buys a CD but after listening to it, decides he doesn't like the music. May he legally sell the CD to someone else? If he thinks his cousin would enjoy the music, may he legally copy the CD for her?