Exam 12: The Importance of Intellectual Property

According to current regulations, any copyrightable work created on or after January 1, 1978, is protected by copyright law for the life of the author plus ________ years.

The What Went Wrong? feature in Chapter 12 focuses on trademark disputes between large firms and start-ups. In the case of Eat More Kale and Chick-fil-A, the winner was ________.

________ marks are similar to ordinary trademarks, but they are used to identify the services or intangible activities of a business rather than a business's physical product.

In terms of priority in filing a patent application, the United States uses a first-to-________ system.

A grant from the federal government conferring the rights to exclude others from making, selling, or using an invention for a specific period of time is referred to as a(n) ________.

Copyright ________ occurs when one work derives from another or is an exact copy or shows substantial similarity to the original work.

The first patent, which was granted for a process of making potash, an ingredient in fertilizer, was signed by ________.

The ________, which was drafted in 1979 by a special commission, attempted to set nationwide standards for trade secret legislation.

There are three basic requirements for a patent to be granted. The subject of the patent application must be ________.

Amazon.com's one-click ordering system and Priceline.com's "name-your-price" business model are examples of ________ patents.

Since the first patent was granted, there have been ________ patents granted in the United States.

What is a trademark? Why are trademarks important?

A company's customer list is most commonly protected under ________ regulations.

The Partnering for Success feature in Chapter 12 starts by talking about the Maker Movement. According to the feature, there are a growing number of companies that have formal processes in place for ________ to submit ideas.

The main exclusion from copyright laws is that copyright laws cannot protect ________.

________ patents are the most common type of patent and cover what we generally think of as new inventions.

Dell for computers, Modcloth for vintage and vintage-inspired women's clothing, and Proactiv for acne medication are examples of ________.

If a local band wrote their own rendition of a Katy Perry song, the band could try to copyright their rendition of the song as a(n) ________ work.

An ________ is conducted to determine the intellectual property a company owns.

What is intellectual property? Why is it called "intellectual" property? Why is intellectual property such an important issue for entrepreneurial firms?