8-3 Intellectual Property

What is Intellectual Property (IP)?

• A type of physical property

• Anything created from the mind, including inventions, ideas, designs, and literary and artistic works

• A form of government regulation

• A type of real estate

Which of the following is NOT a type of intellectual property?

• Copyright

• Patent

• Real Estate

• Trademark

What does a utility patent protect?

• The name of a company or product

• The visual qualities of a manufactured item

• New and useful processes and machines

• Asexually reproduced plants

How long is a design patent valid from the date of issuance?

• 25 years

• 20 years

• 15 years

• 10 years

What is a trademark?

• A form of copyright

• A type of trade secret

• A type of patent

• A symbol, word, or set of words that represents a company, product, or service

What is the fair use doctrine?

• A regulation that permits the use of trademarks without restrictions

• A rule that allows the use of any intellectual property for educational purposes

• A doctrine that authorizes limited and legal use of copyrights without permission for specific purposes

• A law that allows unlimited use of copyrighted material

What is a trade secret?

• A publicly disclosed formula

• A registered patent

• A design, formula, process, or device that has economic value and is kept confidential

• A type of copyright

What is the consequence of IP theft?

• It results in automatic patent approval

• It leads to the creation of new copyrights

• It is addressed with remedies such as injunctions and damages

• It allows free use of the stolen IP

What is a licensing agreement?

• A contract that grants permission to use IP under specified conditions

• A type of copyright registration

• A form of patent application

• A document that transfers ownership of IP

What is reverse engineering?

• A method of registering a trademark

• A way to extend the life of a patent

• The process of examining a product to understand its design and functionality

• The process of creating a new invention