WorksheetsThe Legal Environment
Total questions: 20
Worksheet time: 10mins
The group of laws that regulates ownership and use of creative works
intellectual property law
patent
public
patent pending
A document that grants to an inventor the right to exclude others from making, using, or selling an invention or other intellectual property during the term of the patent
intellectual property law
patent
patent pending
trademark
Comprises all intellectual property whose protection has expired - people can use any aspect of the device in their own invention free of charge
contract
patent pending
public domain
capacity
Must not contain prior art - must fit into one of five classes (machine, a process, articles of manufacture, a composition, or new use of one of the four categories) - must be unobvious - must have utility
patent pending
patent
consideration
four rules of Patent and Trademark Office
Status of an invention between the time a patent application has been filed and when it is issued or rejected
patent pending
public domain
consideration
trademark
A legal device that protects original works of authors
trademark
copyright
license
permit
A word, symbol, design, or color that a business uses to identify itself or something it sells
license
contract
trademark
capacity
A word, symbol or design that describes a service business
capacity
copyright
trademark
service mark
A legal document giving official permission to run a business
permit
contract
diploma
patent
A certificate that shoes you have the necessary education and training to do a job
permit
license
trademark
diploma
A binding legal agreement between two or more persons or parties
consideration
capacity
contract
legal entity
Is what is exchanged for the promise
capacity
contract
license
consideration
Is the legal ability to enter into a biding agreement
capacity
contract
consideration
permit
Federal agency charged with protecting the rights of employees
Equal Opportunity Employment Commission
FBI
CIA
IRS
The right of an employee to sue his or her employer for damages if he or she is terminated for an unacceptable reason
social security claim
unlawful discrimination
wrongful termination
unemployment compensation
The charging of different prices for the same product or service in different markets
price ploy
price gouging
price discrimination
price plowing
A group of laws that regulates commercial business transactions
Department of Defense
Central Intelligence Agency
Internal Revenue Service
Uniform Commercial Code
A guarantee about the quality of goods or services purchased that is not written down or explicitly spoken
cost plus policy
break even decision
warranty of merchantability
guarantee of quality
An illegal way of selling that involves advertising a products at a very low price in order to attract customers who are then persuaded to switch to a more expensive product
bait-and-switch
rod-and-reel
price discrimination
buy sell strategy
FICA stands for
Federal Integrity Capture Act
Federal Insurance Contribution Act
Federal Income Comprehensive Act
Federal Internal Credit Act
