Exam 9: Intellectual Property

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Which of the following terms refers to the domestic sale of products manufactured under a license that only grants a foreign licensee the right to sell the goods overseas?

(Multiple Choice)
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A ________ is an incorporeal statutory right that gives the author of an artistic work, for a limited period, the exclusive privilege of making copies of the work and publishing and selling the copies.

(Multiple Choice)
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Which of the following statements is true regarding the World Intellectual Property Organization (WIPO)?

(Multiple Choice)
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A cross-licensing agreement is ________.

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A ________ is a contract for the licensing of industrial property rights to two or more licensees.

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A collective mark is a mark used exclusively by a licensee or franchisee to indicate that a product meets certain standards.

(True/False)
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Which of the following is a type of pecuniary right?

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Inventions and trademarks are types of artistic property.

(True/False)
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The ________ states that once a good made or sold under license is in circulation, the licensor has no further right to control its distribution.

(Multiple Choice)
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Which of the following is an example of a distributorship franchise?

(Multiple Choice)
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________ is the transfer of multiple statutory rights under a single license.

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The exhaustion-of-rights doctrine states that once a good made or sold under license is in circulation, the licensor has no further right to control its distribution.

(True/False)
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Practical expertise acquired from study, training, and experience is called ________.

(Multiple Choice)
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An exclusive license is a license that restricts who may compete with the licensee.

(True/False)
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Which of the following terms refers to the creative effort invested by an author in raw materials that gives them a new quality or character?

(Multiple Choice)
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Patents differ from copyrights in that, patents ________.

(Multiple Choice)
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Agreements between competitors that have the effect of diminishing competition are called ________.

(Multiple Choice)
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The ________ was created in 1967 with the adoption of the Stockholm Convention.

(Multiple Choice)
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KFC and Pizza Hut are examples of distributorship.

(True/False)
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The patent granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter is called a petty patent.

(True/False)
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