Quiz 2

Question 1

Idea

Answer 1

a general description of a solution to the problem, notebook-worthy

Question 2

Invention

Answer 2

idea accompanied by an enabling description, patentable

Question 3

Innovation

Answer 3

invention implemented in a product, marketable

Question 4

Intellectual property (IP)

Answer 4

• A product of the human mind
• Can be reduced to a tangible form
• Has value in the market place

Question 5

Four basic forms of IP
and its protection:

Answer 5

1. Patents
2. Trade secrets
3. Trademarks
4. Copyrights

Question 6

Patent

Answer 6

• A government grant of rights to exclude
  others from practicing claimed invention.
• Requires full disclosure, meaning inventors
  must teach public how to make it, use it.

Question 7

3 Types of US Patents

Answer 7

*Utility: inventions concerned
with unique function
*Design: invention of a unique
ornamental or esthetic (not
functional) shape
*Plant: asexually reproduced
plants, by cuttings and grafts

Question 8

Four Requirements for Utility Patent:

Answer 8

1. Statutory Class
2. Utility
3. Novelty
4. Nonobviousness