1.1) Intellectual Property

Question 1

assets like machines, fleet, inventory, cash, computer equipment (laptops, printers, plotters etc…), office furniture, fax machines etc

Answer 1

Tangible asset

Question 2

Confidential information which is kept between certain people and/or institutions and is not meant to be disclosed.

Answer 2

confidential

Question 3

Legal protection for author of operating manuals, commercial texts, software and certain other intellectual works

Answer 3

copyrights

Question 4

In the United States, ______ is a form of legal protection granted to the ornamental design of a functional item i.e the appearance of items. The equivalent in Europe is called ‘industrial design’ protection/rights

Answer 4

design patent

Question 5

1. A _________ is any public distribution of information about an invention, by print, demonstrations, or other means.
2. ________ also refers to any part of a patent application process where the inventor discloses details about his invention. An adequate _______ would let a person skilled in the area of your invention reproduce or use your invention.

Answer 5

disclosure

Question 6

a right reserved exclusively by a particular person or group (especially a hereditary or official right)

Answer 6

exclusive right

Question 7

assets which cannot be touched and are of an economic value. Typical examples of _________ (2 words) are patents, copyrights, trade marks, business plans, business models or ideas, trade secrets or any kind of data which give their owner a commercial advantage over his competitors

Answer 7

intangible assets

Question 8

patents, trademarks, copyrights,industrial design rights or trade secrets

Answer 8

intellectual property

Question 9

Creation of mind, which is an inventive technical solution to a problem previously existing or not. A new device, method, or process developed from study and experimentation

Answer 9

Invention

Question 10

a person who invents, esp. one who devises some new process, appliance, machine, or article; one who makes inventions

Answer 10

inventor

Question 11

the practical authority granted to a formally constituted legal body or to a political leader to deal with and make pronouncements on legal matters and, by implication, to administer justice within a defined area of responsibility

Answer 11

jurisdiction

Question 12

A ______ is a legal document giving official permission to do something.
In the industrial sector it means an agreement between two companies (the licensor who is owner of a right e.g. copyrights, industrial design right, patent etc..) and a company which is interested in using the right

Answer 12

license (US)/licence (Brit)

Question 13

limited period of time

Answer 13

confined lapse of time

Question 14

A situation in which a single company or group owns all or nearly all of the market for a given type of product or service. By definition, monopoly is characterized by an absence of competition, which often results in high prices and inferior products.

Answer 14

monopoly

Question 15

Agreement between two or more parties about the confidentiality of certain data and information or trade secrets

Answer 15

NDA (Non Disclosure Agreement)

Question 16

set of rights granted by one (or several) states to an inventor for the protection of an invention which is new non obvious and industrially applicable
N.B: _______ are called ‘utility patents’ in the USA and should not be confused with ‘utility models’ (i.e. Gebrauchsmusterschutz in Germany)

Answer 16

patent

Question 17

A lawyer with expertise in intellectual property law as it pertains to securing and protecting an inventor’s property rights to a unique, useful and nonobvious invention.

Answer 17

patent attorney

Question 18

________ (2 words) also known as plant variety rights (PVR), are rights granted to the breeder of a new variety of plant that give the breeder exclusive control over the propagating material (including seed, cuttings, divisions, tissue culture) and harvested material (cut flowers, fruit, foliage) of a new variety for a number of years.

Answer 18

plant patent

Question 19

all the patents already granted for a particular field of expertise, all the earlier publications, papers or articles on a special subject that must be provided by the patent applicant

Answer 19

prior art

Question 20

amount of money, that a licencee pays to a licensor in exchange to import or manufacture a patented invention, or use a software, a registered trademark, a protected design etc..

Answer 20

royalties

Question 21

to agree to do, give, or allow (something asked for or hoped for)
: to give (something) legally or formally
: to admit (something) although it does not agree with or support your opinion

Answer 21

to grant

Question 22

Confidential and other types of “undisclosed information” which have commercial value and are protected against breach of confidence and other acts contrary to honest commercial practices

examples: secret formula, method, or device that gives one an advantage over competitors.

Answer 22

trade secret

Question 23

Protected words, names, symbols, SOUNDS, or COLORS that distinguish goods and services. __________ can be renewed forever as long as they are being used in business.

Answer 23

trademark

Question 24

Sets of rights granted by some states like Germany (under the name ‘Gebrauchsmusterschutz’) to an inventor for a certain period of time and only for their territory.

The conditions of the protection are the same as for the patent but are only checked thoroughly in case of a law suit.

_________ (2 words) shouldn’t be confused with the American ‘utility patent’!!!

Answer 24

utility model

Question 25

Sets of rights granted by the USA for the protection (in the USA) of an invention.

It is the equivalent in Europe of the ‘patent’

As in Europe the protection last 20 years at max and the patentability requirements are the same (i.e. new, non obvious/inventive, useful, industrially applicable).

As provided by 35 U.S.C. § 101, an invention is “useful” if it provides some identifiable benefit and is capable of use.

The majority of inventions are usually not challenged as lacking utility, but the doctrine prevents the patenting of fantastic or hypothetical devices such as perpetual motion machines.

Answer 25

utility patent

Question 26

Data or sets of data which are kept between certain people and/or institutions and is not meant to be disclosed.

Answer 26

confidential information

Question 27

assets like know how, trade secrets, patents, customer lists, business plans etc…

Answer 27

Intangible asset