Questions with Guaranteed Pass
Solutions 2026/2027 Updated.
What is a trade secret? - Answer Commercially valuable. secret information.
What protection is afforded to a trade secret? - Answer Under State and Federal law, the
owner of a trade secret may obtain damages or injunctive relief when the trade secret is
misappropriated (wrongfully used) by an employee or a competitor; under Federal law, criminal
penalties are imposed for the theft of trade secrets.
What is a trademark? - Answer A distinctive symbol, word, or design that is used to identify
the manufacturer.
What is a service mark? - Answer A distinctive symbol, word, or design that is used to identify
a provider's services.
What is a certification mark? - Answer A distinctive symbol, word, or design that is used with
goods or services to certify specific characteristics.
What is a collective mark? - Answer A distinctive symbol used to indicate membership in an
organization.
What does it mean for a mark to be registered? - Answer Protected by the Lanham Act; must
be distinctive and not immoral, deceptive, or scandalous.
Infringement occurs when: - Answer A person without authorization uses a substantially
indistinguishable mark that is likely to cause confusion, mistake, or deception.
The Lanham Act provides the following remedies for infringement: - Answer 1. Injunctive
relief
2. Profits
3. Damages
4. Destruction of Infringing Articles
5. Costs
6. Attorney's fees (in exceptional cases)
,What is a trade name? - Answer Any name used to identify a business, vocation, or
occupation.
T or F: Trade names may not be registered under the Lanham Act, but infringement is
prohibited. - Answer True
What remedies are available for infringement of trade names? - Answer Damages and
injunctions.
The exclusive right, usually for the Author's life plus 70 years, to original works of authorship is
known as: - Answer Copyright
T or F: Registration of copyrights is required and provides additional remedies for infringement.
- Answer False (not required)
Copyright protection provides the exclusive right to: - Answer 1. Reproduce the copyrighted
work
2. Prepare derivative works based on the work
3. Distribute copies of the work
4. Perform or display the work publicly
The owner of a copyrighted work is usually the: - Answer Author
T or F: Ownership of a copyrighted work may be transferred in whole or in part. - Answer
True
What constitutes infringement of a copyright? - Answer When someone exercises the
copyright owner's rights without authorization.
If infringement of a copyright occurs AFTER registration, the following remedies are available: -
Answer 1. Injunction
2. Impoundment and possible destruction of infringing articles
3. Actual damages plus profits or statutory damages
4. Costs
5. Criminal penalties
A patent is: - Answer The exclusive right to an invention for twenty years from the date of
application for utility and plant patents; fourteen years from grant for design patents.
, To be patentable, the innovation must be: - Answer 1. Novel
2. Useful
3. Not obvious
When are patents issued? - Answer Upon application to and and examination by the U.S.
Patent and Trademark Office.
When does infringement of a patent occur? - Answer When anyone without permission
makes, uses, or sells a patented invention.
Remedies for patent infringement include: - Answer 1. Injunctive relief
2. Damages
3. Treble damages, where appropriate
4. Attorneys' fees
5. Costs
International Law includes: - Answer Law that deals with the conduct and relations of nation
states and international organizations as well as some of their relations with persons; such law
is enforceable by the courts of a nation that has adopted the international law as domestic law.
The judicial branch of the United Nations having voluntary jurisdiction over nations is the: -
Answer International Court of Justice
What are Regional Trade Communities? - Answer International organizations, conferences,
and treaties focusing on business and trade regulation; the European Union (EU) is the most
prominent of these.
What are International Treaties? - Answer Agreements between or among independent
nations, such as the General Agreement on Tariffs and Trade (GATT), now called the World Trade
Organization (WTO), and the United Nations Convention on the Law of the Sea (UNCLOS).
What is the World Trade Organization (WTO)? - Answer A global international organization
dealing with the rules of trade among nations
What establishes a comprehensive set of rules governing all uses of the oceans and their
resources? - Answer United Nations Convention on the Law of the Sea (UNCLOS)