Exam 9: Intellectual Property

Intangible property is property that:

As long as the owner continues to use and protect the trademark, the trademark's exclusive use:

To make a product that imitates a trademarked good, such as Nike shoes, is called counterfeiting.

Violations of the Economic Espionage Act, such as a theft of a trade secret, can result in prison sentences.

Trademarks, trade names, patents, and copyrights represent a category of property called:

The motto "Union Made in the USA" is a:

If you invent a fictional character such as the Hulk, you have the right to obtain a trademark for the Hulk and sell the right to use the name and character for advertising purposes.

A patent is good for 20 years from:

Which of the following is an example of intangible property:

Registering a copyright requires payment of a fee, filling out a form, and sending in copies of the work.

The Lanham Act helps provide trademark protection.

Trademarks are classified as:

Under the ____ "whoever, with intent to convert a trade secret that is related to or included in a product that is produced for or placed in interstate or foreign commerce to the economic benefit of anyone other than the owner thereof, and intending or knowing that the offense will injure any owner of that trade secret" is subject to prosecution.

Wrongful use of intellectual property may produce a suit in tort for infringement.

In Bohnsack v. Varco, inventor Bohnsack discussed selling an invention to Varco for it produce but no agreement was reached. Bohnsack later claimed Varco stole the idea and filed for a patent on the idea. He sued. The courts held that:

Intellectual property violations must be taken to the U.S. Attorney for prosecution.

In Two Pesos, Inc. v. Taco Cabana, Inc. the Supreme Court held that a Mexican-style restaurant could not copy the decor of a competitor because of the law protecting:

Fair use allows small volume copying of copyright work so long as the revenue is "nominal."

Information that is not known by the competition and would cause a business to lose its advantage if the competition obtained it and is protected from disclosure by the owner is:

Suppose a team of artists who work for Fox draw The Simpsons television program and Fox owns the copyright. The length of the copyright is: