Exam 6: Intellectual Property and Other Legal Issues for the Entrepreneur

Health insurance premiums are less expensive if there is a large group of insured participants.

Licensing represents opportunities for:

Which government office is responsible for the federal registration of trademarks?

Once accepted,the trademark is published in the Trademark Official Gazette to allow any party 90 days to oppose or request an extension to oppose.

The _____ patent is granted for a 14-year term.

A utility patent grants the owner protection from anyone else making,using,and/or selling the identified invention and generally reflects protection of new,useful,and unobvious processes.

In order to minimize copyright infringement on YouTube Salar Kamangar implemented a content tracking system called ContentID.

An entrepreneur should seek a patent attorney who has experience in their product line.

A trade secret is protected by state law.

A design patent has a term of 14-years,beginning on the date of filing with the Patent and Trademark Office (PTO).

The three main categories of patents are design,utility and provisional patents.

What are the main benefits of a registered trademark?

The section of the patent application which provides the criteria by which any infringement will be determined is the:

What type of agreement must always be in writing in order to be a legally binding contract?

Priceline.com's service where a buyer can submit a price bid for a particular service is an example of a:

Any invention requiring FDA approval has the term of its patent extended by the amount of time it takes the FDA to review the invention.

A trademark is a distinguishing word,name,or symbol used to identify a product.

An example of a business method patent is Amazon.com's single clicking feature used by a buyer to order products.

To prevent others from copying his or her ideas,the entrepreneur should not send drawings with the patent application.

A _________ is a contract between the government and an inventor.