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2nd year - 1st sem > ENTREPCORE-LESSON 3 > Flashcards

ENTREPCORE-LESSON 3 Flashcards

1
Q

_______ is the legal protection of creations of the mind, such as inventions, artworks, designs, and names.

A

Intellectual property (IP)

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2
Q

What are the example of IP

A
  1. Patents
  2. Copyrights
  3. trade secrets
  4. Trademarks
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3
Q

A ______ protects any original creative work.

A

copyright

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4
Q

A ______ can be a vendor or supplier list, a specific but secret way of manufacturing a product, and so on

A

trade secret

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5
Q

A _____ is a legal document that gives the holder exclusive rights to an invention, product, or process for a set period of time.

A

patent

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6
Q

It includes patents, trademarks, copyrights, and trade secrets.

A

Intellectual Property

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7
Q

These represents important assets to the entrepreneur.

A

Intellectual Property

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8
Q

______should be understood even before engaging the services of an attorney.

A

Intellectual Property

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9
Q

What is the primary purpose of patents?

A

To grant the exclusive right to make and use an invention for a limited time

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10
Q

How are trade secrets different from patents, trademarks, and copyrights?

A

Trade secrets are protected by keeping the information confidential, while the others require registration

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11
Q

What is the primary purpose of copyrights?

A

To protect original works of authorship, like videos or writings

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12
Q

Why is understanding and protecting intellectual property essential for companies?

A

To safeguard valuable assets and maintain competitiveness in the market

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13
Q

There are two types of this grant: registered and unregistered.

A

Trademark

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14
Q

What is the symbol for a registered trademark?

A

R

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15
Q

A copyright gives the owner exclusive rights to:

A
  • reproduce the work
  • prepare derivative works
  • distribute copies
  • perform the work publicly
  • display the work publicly
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16
Q

How many years do utility patents last?

A

20

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17
Q

The primary goal of a copyright is to protect the __________, ____________, and _________________ of the author

A

time, effort, and creativity

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18
Q

After publicly disclosing an invention, how long does an inventor have to apply for a patent?

A

1 year or not more than 12 months

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19
Q

How many years do design patents last?

A

14

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20
Q

Can a industy prevent others from providing the same product or service as the owner of the trademark?

A

no

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21
Q

When someone violates your patent rights it is called?

A

patent infringement

22
Q

What is the person called who reviews patent applications?

A

patent examiner

23
Q

What does it mean for a invention to be “novel”?

A
  1. “novelty,” which is simply another word used to mean that the invention in new
  2. different from anything previously patented, publicly described or used, on sale or otherwise available to the public anywhere in the world. The sum of these previous public works is called “prior art.”
24
Q

What is the symbol for a non-registered trademark?

A

TM

25
Q

What are the 3 types of patents?

A

Utility, Design, and Plant

26
Q

Name the 6 categories protected by copyright laws

A
  • Paintings
  • Literary works
  • Live performances
  • Photographs
  • Movies
  • Software
27
Q

What is the definition of a copyright?

A

a persons exclusive right to reproduce, publish, or sell his or her original work of authorship.

28
Q

Can copyright owners transfer their exclusive rights?

A

YES

29
Q

A _____ may work on a retainer basis or may be hired for a one-time fee.

A

lawyer

30
Q

A good working relationship with a lawyer:

A
  1. Eases some of the risk in starting a new business.
  2. Gives the entrepreneur necessary confidence.
31
Q

Entrepreneur can offer the lawyer _____ in exchange for services

A

stock

32
Q

Grants holder protection from others making, using, or selling similar idea

A

Patent

33
Q

Patent are issued by?

A

Patent and Trademark Office (PTO).

34
Q

Protection of new, useful, and unobvious processes, machines, compositions of matter, and articles of manufacture; term of 20 years.

A

Utility patent

35
Q

Covers new, original, ornamental, and unobvious designs for articles of manufacture; term of 14 years.

A

Design patent

36
Q

Given for new varieties of plants.

A

Plant patent

37
Q

_______was established to facilitate patent filings in multiple countries in one office.

A

The Patent Cooperation Treaty (PCT)

38
Q

International Patents is administered by the ___________ in Geneva, Switzerland; has over 100 participants.

A

World Intellectual Property Organization (WIPO)

39
Q

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

A

Trademarks

40
Q

It can be filed solely on the intent to use the trademark in interstate or foreign commerce; also with the intent to use in the future.

A

Trademarks

41
Q

What are the Categories of trademarks:

A

Coined marks.
Arbitrary marks.
Suggestive marks.
Descriptive marks.

42
Q

Right given to prevent others from printing, copying, or publishing any original works of authorship.

A

Copyrights

43
Q

_______ are registered with the Library of Congress.

A

Copyrights

44
Q

Term of the _______is the life of the author plus 70 years.

A

copyright

45
Q

Provides protection against others revealing or disclosing information that could be damaging to business.

A

trade secrets

46
Q

_______ have a life as long as the idea or process remains a secret.

A

Trade secrets

47
Q

A contractual agreement giving rights to others to use intellectual property in return for a royalty or fee.

A

Licensing

48
Q

Types of licensing:

A
  1. Patent license agreements
  2. Trademark license agreements
  3. Copyright license agreements
49
Q

Specify how the licensee would have access to the patent.

A

Patent license agreements

50
Q

Involve a franchising agreement.

A

Trademark license agreements

51
Q

Involve rights to use or copy books, software, music, photographs, plays, etc.

A

Copyright license agreements

2nd year - 1st sem (15 decks)

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