Understanding Intellectual Property

What is a trademark?

• A trademark is a type of legal contract between two parties.

• A trademark is a financial document used for accounting purposes.

• A trademark is a government-issued license for businesses.

• A trademark is a symbol, word, or phrase legally registered or established by use as representing a company or product.

How does copyright protect creative works?

• Copyright only applies to published works.

• Copyright protects creative works by granting exclusive rights to creators.

• Copyright allows anyone to use creative works freely.

• Copyright protects ideas rather than the expression of those ideas.

What is the main purpose of a patent?

• To provide financial support for inventors.

• To create a public database of all inventions.

• To limit the distribution of ideas and knowledge.

• The main purpose of a patent is to protect inventions and encourage innovation.

Can you name an example of an industrial design?

• The design of a chair.

• The design of a marketing campaign.

• The design of a car engine.

• The design of a software application.

What symbols are commonly used to indicate trademarks?

• ™ and ®

• ℠ and ©

• © and ™

• ® and ℗

How long does copyright protection typically last?

• 10 years from the date of creation

• 50 years after the author's death

• Life of the author plus 70 years, or 95 years from publication for corporate works.

• 20 years from publication

What are the requirements for obtaining a patent?

• The invention must be novel, non-obvious, useful, and fully disclosed in a patent application.

• The invention must be registered with a trademark office.

• The invention must be affordable and easy to manufacture.

• The invention must be popular and widely used.

What is the difference between a trademark and a copyright?

• A trademark is only for logos; a copyright is for all written content.

• A trademark is a type of copyright; both protect ideas.

• A trademark protects creative works; a copyright protects brand identifiers.

• A trademark protects brand identifiers; a copyright protects creative works.

Why is industrial design important for businesses?

• Industrial design focuses solely on manufacturing costs.

• Industrial design is only relevant for large corporations.

• Industrial design is important for businesses because it improves product appeal and usability, driving customer satisfaction and competitive advantage.

• Industrial design has no impact on customer loyalty.

What can be patented?

• Inventions, processes, machines, compositions of matter, and improvements thereof.

• Ideas and concepts

• Literary works

• Natural phenomena