Chapter 8

Why is the protection of trademarks important?

• To allow businesses to use any brand name they like

• to ensure that competitors cannot use similar marks

• To ensure that only large corporations can have trademarks

• To allow competitors to use similar marks freely

How does the law protect patents?

• By granting inventors exclusive rights for a set period

• By allowing anyone to use the invention freely

• By limiting the patent to only local markets

• By requiring inventors to share their patents publicly

What laws protect authors' rights in the works they create?

• Patent laws

• Copyright laws and international treaties like the Berne Convention

• Trademark laws

• Antitrust laws

Which of the following best describes a trade secret?

• A publicly available patent

• A confidential business advantage, such as a formula or customer list

• A type of copyright for written works

• A trademarked logo

The TRIPS Agreement establishes minimum standards for intellectual property protection globally.

• True

• False

Trade secrets are protected only if they are patented.

• True

• False

Copyright laws allow authors to reproduce, distribute, and display their works exclusively.

• True

• False