Exam 9: Legal Challenges for Entrepreneurial Ventures

Trademark registration and search is not costly.

Three primary legal forms of organization are the sole proprietorship, the partnership, and the corporation.

To establish a sole proprietorship, a person needs to

Design patent protection lasts for _____ years.

Business owners normally preferchapter 7 bankruptcy over any other form of bankruptcy.

Which of the following explains how death affects the duration of a corporation?

Which of the following is not a trademark?

According to the U.S. Patent and Trademark Office, the process of obtaining a patent takes about _____ years.

Because of the fair use doctrine, it is sometimes difficult to establish infringement.

Design patents last for 20 years.

Because corporate law makes it difficult for businesses to consider employee, community, and environmental interests in their decision making, the B corporation has been introduced.

Legal protection is granted to computer programs in which of the following forms?

An S corporation takes its name from

The registration of a trademark has a lifetime of

The Bankruptcy Act was set up in order to provide assistance to both debtors and creditors.

Which of the following is a suggestion to minimize legal costs?

A patent is an intellectual property right.

A patent gives the holder a temporary

A trademark may be invalidated in all of the following ways except

A patent infringer can be liable for all _____ resulting from the infringement as well as for legal fees.