Patents, trademarks, and copyrights as they apply to running a business.
36 cards · basic cards · AI-written, checked twice. Edit anything.
- What is a patent?
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A government grant giving an inventor exclusive rights to make, use, or sell an invention for a limited time.- What are the three main types of U.S. patents?
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Utility patents, design patents, and plant patents.- How long does a utility patent last in the United States?
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20 years from the filing date.- What are the three main requirements for a patent to be granted?
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The invention must be novel, non-obvious, and useful (or capable of industrial application).- What is prior art in patent law?
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All publicly available information about an invention that existed before the patent application filing date.- What is patent infringement?
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Making, using, selling, or offering to sell a patented invention without the patent holder's permission during the patent term.- What are the two main remedies for patent infringement?
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Injunctive relief (court order to stop the infringement) and monetary damages.- Can natural phenomena, abstract ideas, or laws of nature be patented?
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No. They are not patentable subject matter.- What does the first-to-file rule mean in U.S. patent law?
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The first person to file a patent application generally has priority rights to the invention, regardless of who invented it first.- What is a patent troll?
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An entity that acquires patents primarily to assert them in litigation rather than to develop or commercialize the technology.- What is a defensive patent?
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A patent obtained not to commercialize but to defend against infringement claims or to cross-license.- Can a patent be licensed to others?
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Yes. A patent owner can license the patent to other parties for a fee or royalty.- What is the process of obtaining a patent called?
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Patent prosecution. The applicant files an application and works with the U.S. Patent and Trademark Office (USPTO) to secure approval.- What is a trademark?
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A symbol, word, phrase, design, or combination used by a business to identify and distinguish its goods or services from competitors.- How long does a trademark registration last in the United States?
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10 years, and it can be renewed indefinitely for additional 10-year periods as long as the mark is still in use.
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