Chapter 12

Question 1

Copyright

Answer 1

A form of intellectual property protection that grants to the owner of a work of authorship the legal right to determine how to use the work and to obtain the economic benefits by doing so.

protection of work and how it’s used

Question 2

Copyright infringement

Answer 2

When one work derives from another, is an exact copy, or shows substantial similarity to the original work.

Question 3

design patents

Answer 3

The second most common type of patent, covering the invention of new, original, and ornamental designs for manufactured products.

Protects how a product looks

Question 4

Economic Espionage Act

Answer 4

Passed in 1996, this act criminalizes the theft of trade secrets by third parties (known as misappropriation).

Question 5

Fair use

Answer 5

The limited use of copyrighted material for purposes such as criticism, comment, news reporting, teaching, or scholarship.

Question 6

Intellectual property

Answer 6

Any product of human intellect that is intangible but has value in the marketplace. The name for this property is “intellectual” because it is the product of human imagination, creativity, and inventiveness.

Question 7

intellectual property audit

Answer 7

A firm’s assessment of the intellectual property it owns.

Question 8

Lanham Act

Answer 8

An act of Congress, passed in 1946, that spells out what is protected under trademark law.

Question 9

Infringement patent

Answer 9

The action of one party engaging in the unauthorized use of another party’s patent.

Question 10

Utility Patent

Answer 10

The most common type of patent covering what we generally think of as new inventions that must be useful, must be novel in relation to prior arts in the field, and must not be obvious to a person of ordinary skill in the field.

Protects how a product functions/work

Question 11

provisional patent

Answer 11

A part of patent law that grants “provisional rights” to an inventor for up to one year, pending the filing of a complete and final application.

Question 12

trademark

Answer 12

Any word, name, symbol, or device that identifies the source or origin of products and services and that distinguishes them from other products and services.

Question 13

trade secret

Answer 13

Any formula, pattern, physical device, idea, process, or other information that provides the owner of the information with a competitive advantage in the marketplace.