Exam 8: Intellectual Property Rights

After a patent is issued, there is a nine-month limit before it can be challenged.

Tapping into a competitor's computer to obtain confidential business data is not a theft of trade secrets.

Service marks are not protected in the same way as trademarks.

Apex Electrical Inc. agrees to allow Apex Foundations LLC to use the owner's trademark "Apex" as part of its company name but not otherwise. The domain name apex.com can be used online by

A patent applicant must demonstrate that an invention is useful to receive a patent.

The European Union's copyright rules limit the royalty protection for musicians to ten years.

Intellectual property is property resulting from intellectual, creative processes.

Works that are copyrightable include

Gilda, marketing manager for Home Stuff LLC, is responsible for branding the company's products. Aspects of branding that can be trademarked include

Works that are copyrightable include product packaging.

Without permission, Race Runners Inc. uses a trademark that is similar to the registered mark of Swiftfoot, Inc. This use of the mark constitutes trademark dilution

Certain business processes are patentable.

The registration of a copyright is not evidence that the copyright is valid.

A copyright owner who sells a copy of a work retains the right to control the further distribution of that copy.

Pseudo Drugs Inc. is convicted of trafficking in counterfeit prescription drugs. As a penalty, the company may be ordered to pay restitution to the trademark holders in an amount equal to

Galaxy Research Inc. uses a mark associated with its name to distinguish its services from those of other tech firms. This mark is

Pricing information is not a trade secret.

Under the Madrid Protocol, the fees and procedures for trademark registration vary significantly among individual countries.

Fanciful trademarks are sometimes considered to be the most distinctive trademarks.

Information that cannot be patented, copyrighted, or trademarked cannot be protected as a trade secret.