Question 1

Getting a trademark typically takes 2 years.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following statements is (are)not true?

Accepted Answer

A) A trademark may be a word,slogan,symbol,design or particular sound. 
B) Unlike a patent,trademark does not last indefinitely. 
C) It is possible to file for a trademark if you intend to use this mark in the future. 
D) There are four categories of trademarks. 
A) A trademark may be a word,slogan,symbol,design or particular sound. 
B) Unlike a patent,trademark does not last indefinitely. 
C) It is possible to file for a trademark if you intend to use this mark in the future. 
D) There are four categories of trademarks.

Question 3

A copyright protects original works of authorship.

Accepted Answer

A) True 
 B)False

Question 4

An oral agreement is enforceable indefinitely.

Accepted Answer

A) True 
 B)False

Question 5

Trade secrets are protected:

Accepted Answer

A) by the General Agreement on Tariffs and Trade. 
B) by federal law. 
C) by state law. 
D) by the Library of Congress. 
A) by the General Agreement on Tariffs and Trade. 
B) by federal law. 
C) by state law. 
D) by the Library of Congress.

Question 6

Licensing can be a way to start a new venture when the idea may infringe on someone else's patent,trademark,or copyright.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is a contract that grants the owner protection,based on the appearance of an object?

Accepted Answer

A) Utility patent 
B) Design patent 
C) Plant patent 
D) Disclosure document 
A) Utility patent 
B) Design patent 
C) Plant patent 
D) Disclosure document

Question 8

Skyrocketing medical costs have resulted in lowering workers' compensation insurance premiums.

Accepted Answer

A) True 
 B)False

Question 9

Contracts for the sale of real estate must be in writing to be valid.

Accepted Answer

A) True 
 B)False

Question 10

The _______ was established to facilitate patent filings in multiple countries.

Accepted Answer

A) General Agreement on Trades and Tariffs 
B) Patent and Trademark Office 
C) Sarbanes-Oxley Act 
D) Patent Cooperation Treaty 
A) General Agreement on Trades and Tariffs 
B) Patent and Trademark Office 
C) Sarbanes-Oxley Act 
D) Patent Cooperation Treaty

Question 11

Identify and describe the three different types of patents.

Accepted Answer

Utility patent - most popular type,20 ye

Question 12

The claims section of a patent application is probably the most difficult section of the application to prepare since this area sets the criteria by which any infringements will be determined.

Accepted Answer

A) True 
 B)False

Question 13

Identify and describe the major parts of a patent application.
A.Introduction - this section should contain the background and advantages of the invention and the nature of problems that it overcomes.It should clearly state how the invention differs from existing offerings.
B.Description of Invention - should contain a brief description of the drawings that accompany it.These drawings must comply with PTO requirements.Following this would be a detailed description of the invention,which may include engineering specifications,materials,components,and so on,that are vital to the actual making of the invention.
C.Claims - the most difficult section of the application to prepare since claims are the criteria by which any infringements will be determined.Essential parts of the invention should be described in broad terms so as to prevent others from getting around the patent.At the same time,the claims must not be so general that they hide the invention's uniqueness and advantages.

Accepted Answer

A patent application typically consists

Question 14

The term of a copyright is the author's life plus:

Accepted Answer

A) 20 years. 
B) 30 years. 
C) 50 years. 
D) 70 years. 
A) 20 years. 
B) 30 years. 
C) 50 years. 
D) 70 years.

Question 15

The initial registration for a trademark lasts:

Accepted Answer

A) 10 years. 
B) 14 years. 
C) 17 years. 
D) 20 years. 
A) 10 years. 
B) 14 years. 
C) 17 years. 
D) 20 years.

Question 16

Licensing a trademark generally involves a franchising agreement.

Accepted Answer

A) True 
 B)False

Getting a trademark typically takes 2 years.

Which of the following statements is (are)not true?

A copyright protects original works of authorship.

An oral agreement is enforceable indefinitely.

Trade secrets are protected:

Licensing can be a way to start a new venture when the idea may infringe on someone else's patent,trademark,or copyright.

Which of the following is a contract that grants the owner protection,based on the appearance of an object?

Skyrocketing medical costs have resulted in lowering workers' compensation insurance premiums.

Contracts for the sale of real estate must be in writing to be valid.

The _______ was established to facilitate patent filings in multiple countries.

Identify and describe the three different types of patents.

The claims section of a patent application is probably the most difficult section of the application to prepare since this area sets the criteria by which any infringements will be determined.

The term of a copyright is the author's life plus:

The initial registration for a trademark lasts:

Licensing a trademark generally involves a franchising agreement.

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

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

Getting a trademark typically takes 2 years.

Which of the following statements is (are)not true?

A copyright protects original works of authorship.

An oral agreement is enforceable indefinitely.

Trade secrets are protected:

Licensing can be a way to start a new venture when the idea may infringe on someone else's patent,trademark,or copyright.

Which of the following is a contract that grants the owner protection,based on the appearance of an object?

Skyrocketing medical costs have resulted in lowering workers' compensation insurance premiums.

Contracts for the sale of real estate must be in writing to be valid.

The _______ was established to facilitate patent filings in multiple countries.

Identify and describe the three different types of patents.

The claims section of a patent application is probably the most difficult section of the application to prepare since this area sets the criteria by which any infringements will be determined.

The term of a copyright is the author's life plus:

The initial registration for a trademark lasts:

Licensing a trademark generally involves a franchising agreement.

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters