Understanding Business with Connect Access Card
12th Edition
ISBN: 9781260277142
Author: William Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter A, Problem 2CT
Summary Introduction
To think critically about: The process of obtaining patent and information related to the time and cost taken to obtain patent and trademarks.
Introduction:
Patent is a legal power which is provided by the sovereign authority to the investor to make and sell its invention and restricted to make others.
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What is patent search? Why is it very important? Who needs to conduct patent search? What are the patent databases available for you? What documents you can find when conducting patent search?
You have been hired by an inventor of a new power cell for cars, trucks and boats, who has some inquiries from prospective investors who would like to know more about the invention before they put their money into the business. He has not yet incorporated his business, but likes the idea.
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Chapter A Solutions
Understanding Business with Connect Access Card
Ch. A.1 - Prob. A.1AQCh. A.1 - Prob. 1TPCh. A.1 - Prob. 2TPCh. A.1 - Prob. 3TPCh. A.3 - Prob. 4TPCh. A.3 - Prob. 5TPCh. A.3 - Prob. 6TPCh. A.3 - Prob. 7TPCh. A.4 - Prob. A.4AQCh. A.5 - Prob. 8TP
Ch. A.5 - Prob. 9TPCh. A.5 - Prob. 10TPCh. A.5 - What are the six conditions for a legally binding...Ch. A.8 - Prob. A.8AQCh. A.9 - Prob. 12TPCh. A.9 - Prob. 13TPCh. A.9 - Prob. 14TPCh. A - Prob. 1CECh. A - Prob. 2CECh. A - Prob. 3CECh. A - If you are interested in working in the legal...Ch. A - Prob. 1CTCh. A - Prob. 2CTCh. A - Prob. 3CTCh. A - Prob. 4CTCh. A - Prob. 1DCSCh. A - Prob. 2DCSCh. A - Prob. 5DCSCh. A - Prob. 1PPTCh. A - Prob. 2PPTCh. A - Prob. 3PPTCh. A - Prob. 4PPT
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- Is it always good for a unique invention to file a patent? Explainarrow_forwardHow are trademarks and patents different? Should they be?arrow_forwardTo some people, these are a fruit, a bird and a part of a house. To others, these are a computer, a soap and computer software. Trademarks and brand names are important part of a company’s identity. These emblems and words allow customers to quickly know what they are buying and from whom. The process of registering a trademark o brand name requires an application with the U.S patent and trademark Office. In 1999, the Trademark Law Treaty Implementation Ac (TLTIA) took effect. This law simplifies the process for obtaining a trademark. TLTIA also coordinates U.S trademark laws with those of other countries participating in this agreement. When doing business in other countries, trademarks may not be protected due to lack of enforcement. A local company may use a well-known name to attract customers. In South America, Asia, and other region , smll business owners often use he practice. Some have used names such as “macdonalds” instead of “MCDonald’s”. Or in Ethiopia, the name…arrow_forward
- Businesses frequently own patents on a number of products they Businesses frequently own patents on a number of products they do not produce and sell. This is sometimes cited as evidence that businesses suppress inventions. Is it? Businesses frequently own patents on a number of products theyarrow_forwardA patent is the government’s attempt to prevent the exploitation of a product or concept pioneer. It is the only way to provide innovative persons a guarantee that they will receive the fruits of their labor. Why is the patent invaluable to the entrepreneur? Explain your answer with facts.arrow_forwardWhat is the significance of trademark, copyright and patent?arrow_forward
- Books can be registered as patents. " True O Falsearrow_forwardCritically assess the meaning and significance of formal examination or examination as to form under patent law and practice. Question two: “Traditionally, the focus of trademarks has been the origin or source of goods and services. The focus seems to have shifted to using trademarks to promote or market goods and services.” Discuss this shift in focus, identifying its effect on the enforceability of trademark rights and law reform endeavors Question three: Critically discuss the two core rights available under copyright law. You may compare and contrast the tow rights with any other rights. Question four: “Copyright infringement and piracy as well as counterfeiting and trade in counterfeit goods pose the greatest threat to development and the commercialization of innovation, intellectual property and technology transfer.” Critically analyze this statement. Question Five: the state shall provide support, promotion of as well as the protection of the…arrow_forwardCritically assess the meaning and significance of formal examination or examination as to form under patent law and practice. Question two: “Traditionally, the focus of trademarks has been the origin or source of goods and services. The focus seems to have shifted to using trademarks to promote or market goods and services.” Discuss this shift in focus, identifying its effect on the enforceability of trademark rights and law reform endeavors Question three: Critically discuss the two core rights available under copyright law. You may compare and contrast the tow rights with any other rights. Question four: “Copyright infringement and piracy as well as counterfeiting and trade in counterfeit goods pose the greatest threat to development and the commercialization of innovation, intellectual property and technology transfer.” Critically analyze this statement. Question Five: the state shall provide support, promotion of as well as the protection of the intellectual…arrow_forward
- Which of the following shows the correct answer for examples of fanciful trademarks? Adidas, a shoe company: Non-Example; Staples, an office supply company: Non-Example; Adidas, a shoe company: Non-Example; Staples, an office supply company: Example Adidas, a shoe company: Example; Staples, an office supply company: Non-Example Adidas, a shoe company: Example; Staples, an office supply company: Examplearrow_forwardwhat is the importance of patent and copyrights?arrow_forwardTrademark is the face of a brand or company. Trademarks are used in trade to identify the source of products/services and distinguish it from competitors in the marketplace. Which of these statements is TRUE about trademark? Select one: a.The trademark invention must be capable of being made or used in some kind of industry. b.An open document or instrument issued by a government granting exclusive rights to a person, predating the modern trademark system c.A registered trademark gives the owner the legal rights to license or sell the trademark d.A type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of years, in exchange for publishing an enabling public disclosure of the invention.arrow_forward
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