Question 1

The person who owns the intellectual property is known as the ____.

Accepted Answer

A) warrantor 
B) licensee 
C) guarantor 
D) licensor 
A) warrantor 
B) licensee 
C) guarantor 
D) licensor

Question 2

A business can reduce the risk of suffering devastating losses in the event of an expropriation through licensing.

Accepted Answer

A) True 
 B)False

Question 3

Courts are unwilling to provide trademark protection to a term if it is:

Accepted Answer

A) arbitrary. 
B) generic. 
C) descriptive. 
D) suggestive. 
A) arbitrary. 
B) generic. 
C) descriptive. 
D) suggestive.

Question 4

Which of the following statements is true of the Trade Related Aspects of Intellectual Property Agreement?

Accepted Answer

A) It permits nations to issue compulsory licenses when a patent holder does not make patented goods available to the public. 
B) It prevents least developed nations from using compulsory licenses to guarantee the production of low-cost drugs. 
C) It prevents developing nations from installing safeguards as protection against low-cost drugs being resold in the developed world. 
D) It permits the developed nations to issue inventor's certificates which would entitle its holder to exclusive use of the creation. 
A) It permits nations to issue compulsory licenses when a patent holder does not make patented goods available to the public. 
B) It prevents least developed nations from using compulsory licenses to guarantee the production of low-cost drugs. 
C) It prevents developing nations from installing safeguards as protection against low-cost drugs being resold in the developed world. 
D) It permits the developed nations to issue inventor's certificates which would entitle its holder to exclusive use of the creation.

Question 5

A service mark is a descriptive term that distinguishes businesses rather than their products or services.

Accepted Answer

A) True 
 B)False

Question 6

The direct copyright infringement theory of recovery has been used effectively against suppliers of peer-to-peer file sharing software that has been used to download DVDs from the Internet.

Accepted Answer

A) True 
 B)False

Question 7

The TRIPS agreement stipulates that trademarks,service marks,and geographical indications must be registered in order to be protected.

Accepted Answer

A) True 
 B)False

Question 8

Briefly explain the extraterritorial reach of the U.S patent law.

Accepted Answer

According to the U.S.law,infringement do

Question 9

Technology transfer agreements:

Accepted Answer

A) protect "distinctive" or "famous" marks from unauthorized uses even when confusion is not likely to occur. 
B) permit a company to quickly penetrate a foreign market without incurring the substantial financial and legal risks associated with direct investment. 
C) prevent an intellectual property owner from granting to another the right to use protected technology in return for some form of compensation. 
D) assert that priority of trademark rights in the United States depends solely upon the priority of use in the States,and not anywhere else in the world. 
A) protect "distinctive" or "famous" marks from unauthorized uses even when confusion is not likely to occur. 
B) permit a company to quickly penetrate a foreign market without incurring the substantial financial and legal risks associated with direct investment. 
C) prevent an intellectual property owner from granting to another the right to use protected technology in return for some form of compensation. 
D) assert that priority of trademark rights in the United States depends solely upon the priority of use in the States,and not anywhere else in the world.

Question 10

The _____ is a fundamental provision found in most licensing contracts which indicates the precise scope of the license.

Accepted Answer

A) technical service clause 
B) confidentiality clause 
C) granting clause 
D) exclusive dealing clause 
A) technical service clause 
B) confidentiality clause 
C) granting clause 
D) exclusive dealing clause

Exam 8: Licensing and Intellectual Property

The person who owns the intellectual property is known as the ____.

A business can reduce the risk of suffering devastating losses in the event of an expropriation through licensing.

Courts are unwilling to provide trademark protection to a term if it is:

Which of the following statements is true of the Trade Related Aspects of Intellectual Property Agreement?

A service mark is a descriptive term that distinguishes businesses rather than their products or services.

The direct copyright infringement theory of recovery has been used effectively against suppliers of peer-to-peer file sharing software that has been used to download DVDs from the Internet.

The TRIPS agreement stipulates that trademarks,service marks,and geographical indications must be registered in order to be protected.

Briefly explain the extraterritorial reach of the U.S patent law.

Technology transfer agreements:

The _____ is a fundamental provision found in most licensing contracts which indicates the precise scope of the license.

Law, Legal Reasoning, and the Legal Profession

Dispute Settlement

Business Ethics and Corporate Social Responsibility

Business and the Constitution

Crimes

Intentional Torts

Negligence and Strict Liability

The Nature and Origins of Contracts

Creating a Contract: Offers

Creating a Contract: Acceptances

Consideration

Capacity to Contract

Voluntary Consent

Illegality

The Form and Meaning of Contracts

Third Parties Contract Rights

Performance and Remedies

Formation and Terms of Sales Contracts

Warranties and Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contracts

The Agency Relationship-Creation, Duties, and Termination

Liability of Principals and Agents to Third Parties

Employment Laws

Which Form of Business Organization

Partnerships

Formation and Termination of Corporations

Management of the Corporate Business

Financing the Corporation and the Role of the Shareholders

Securities Regulation

Legal Liability of Accountants

Personal Property and Bailments

Real Property

Landlord and Tenant

Estates and Trusts

Insurance

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Fund Transfers

Introduction to Security

Security Interests in Personal Property

Bankruptcy

The Antitrust Laws

Consumer Protection Laws

Environmental Regulation

Filters