Intellectual Property Basics

Kai invents a new type of smartphone app and wants to protect his creation. What is the term for the legal concept that refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce?

• A legal concept that refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce.

• A type of physical property that includes tangible assets like machinery and buildings.

• A financial term related to the ownership of stocks and bonds.

• A concept in psychology related to the intellectual capacity of an individual.

Benjamin writes and publishes an original song online. What protects Benjamin's exclusive rights to use and distribute his song?

• A type of intellectual property that gives the creator of original work exclusive rights to its use and distribution

• A legal document that allows the use of someone else's work without permission

• A form of protection for inventions and discoveries

• A type of trademark used to identify a brand or product

Isla starts a company selling handmade candles. She wants to make sure her brand is easily recognized by customers and protected from being copied by others. What is the type of intellectual property that consists of a recognizable sign, design, or expression which identifies products or services of a particular source?

• a type of intellectual property consisting of a recognizable sign, design, or expression which identifies products or services of a particular source

• a type of financial instrument

• a form of government identification

• a type of currency

Sophia opens a bakery and uses a logo that is already trademarked by another company without permission. This is an example of:

• A violation of IP law

• A type of legal agreement

• A form of government

• A method of communication

Daniel has created a device that has never been seen before. In the context of patentability, what does it mean for Daniel's invention to be considered 'Novel'?

• A new and original invention

• An old and existing invention

• A copied invention

• A non-functional invention

In Luna's town, there is only one company that supplies electricity, and no other company is allowed to compete. This situation is an example of:

• a market structure characterized by a single seller, selling a unique product in the market.

• a market structure with many sellers offering similar products.

• a market structure with a few large firms dominating the market.

• a market structure where all firms have equal market share.

Benjamin buys a copyrighted book from a bookstore. The First Sale doctrine is a legal concept that determines what Benjamin can do with the book after purchase. The doctrine pertains to which of the following?

• Copyright law

• Patent law

• Trademark law

• Contract law

Benjamin is creating a presentation for his class and wants to use a short clip from a popular movie. He wonders if this use might be considered 'fair use' under copyright law. Which of the following is NOT a factor considered in determining fair use?

• The purpose and character of the use

• The nature of the copyrighted work

• The amount and substantiality of the portion used

• The popularity of the copyrighted work

Benjamin owns a company that has a special formula for making a popular beverage. This formula is not shared with anyone outside the company and is kept secret from the public. What is this formula considered?

• a publicly known fact.

• a type of intellectual property that is not disclosed to the public.

• a government-issued patent.

• a trademark registered with the government.

Anika wants to use an old photograph she found online for her school project. She learns that the photograph is in the 'Public Domain.' What does this mean?

• A legal term that describes a work or product that is not protected by copyright and is free for public use.

• A private property owned by an individual or corporation.

• A government-owned property that is restricted from public access.

• A copyrighted work that requires permission for use.