Exam 15: Navigating Legal and Ip Issues

Tom has been a lead salesman for a brokerage house but recently got a better position at a competing house.Prior to leaving, Tom copied the customer list and contact information from his company.What may be infringed by this action?

Which of the following is true when compensating employees with company equity?

One way that a company can protect their product is by licensing their innovation to a large organization with protection already in place.This inventor then receives royalties.

Which of the following conditions is applicable to all 501(c)(3) organizations?

Which of the following websites would provide information about employee safety?

Which of the following would be used for the symbol used by a home health care agency to identify their service?

Which of the following would be protected by copyright?

Which of the following best describes a patent troll?

IP protection doesn't always work.What contributes to this failure?

After filing for a provisional patent, how long do you have before developing the idea into a working prototype?

Which of the following websites would provide information about attaining an EIN?

In an LLC, how are profits and losses reported?

Once a product is protected by a patent in the United States, the product will be protected from counterfeit by other countries due to international trade agreements.

An LLP is best suited for what type of business?

Steve works for a cement company as an IT contractor.The company does not ask Steve to sign a nondisclosure agreement, but Steve has full access to the company databases and documents.Steve also attends meetings during which a new, fast-drying and injectable product is openly discussed.A year later, Steve reveals the formula to a competitive company and is scheduled to receive royalties.Discuss the legal and ethical issues involved in this action.

A delivery service hires independent contractors as drivers to deliver products that are ordered online.The company requires that the delivery service be available from 8am to 5pm Monday through Friday and display the company logo on their shirt and automobile (in the form of a magnetic sign).Procedures for logging the package and the number of attempts for delivery are defined by the company.What issues may be of concern in this situation?

What significant change is taking place in China that may help reduce IP theft?

What business entity refers to a business owner who has not formed an entity to run the business?

Gary is fascinated by a new device that uses a GPS-like tracker to help owners locate their pets.He purchases the product, disassembles it, and uses it as a pattern for a similar device.The new device uses a less expensive casing, but otherwise has duplicated the technology.What legal concept may be represented in this action?

A company with fewer than 50 employees does not have to offer family leave, medical leave, or health insurance.