BUL 4421- Exam 2 Verified Exam Questions and Answers Latest
update 2026/2027
Question:
What are the main types of intellectual property?
Answer:
trademarks, trade secret protection, patents and copyrights
Question:
What is a copyright? the protection of the expression of a creative work What is the criteria for work
to be copyrighted?
Answer:
It must be fixed, original and creative
Question:
What is the defense to a copyright infringement claim?
Answer:
fair-use doctrine
Question:
How long does copyright last? life of author plus 70 years When will a copyright be granted?
Answer:
when a work is set out in a tangible medium of expression, is
Question:
What is a patent?
Answer:
orginal, and is creative protection that grants the holder the exclusive right to produce, sell, and use the
patented object.
Question:
What does a patent protect?
Answer:
a product, process, invention, machine, or plant produced by asexual reproduction
, Question:
What is/are the criteria to get patent protections?
Answer:
The subject matter must be:
patentable novel useful
Question:
How long does a patent last? 20 years What is a trade secret?
Answer:
nonobvious a process, product, method of operation, or compilation of
Question:
How long do trade secret protections last?
Answer:
information that gives a businessperson an advantage over his or her competitors Forever as long as
you keep the test
Question:
How are trade secrets protected?
Answer:
By the common law from unlawful appropriation by competitors as long as it kept secret and consists
of elements not generally known in the trade.
Question:
What is a trademark?
Answer:
a distinctive mark, word, design, picture, or arrangement used with a product that helps consumers
identify the product with the
Question:
How is the intrastate trademark protected?
Answer:
producer. protected under state common law
Question:
How is the Interstate trademark registered?
Answer:
the trademark must be registered with the US Patent and
update 2026/2027
Question:
What are the main types of intellectual property?
Answer:
trademarks, trade secret protection, patents and copyrights
Question:
What is a copyright? the protection of the expression of a creative work What is the criteria for work
to be copyrighted?
Answer:
It must be fixed, original and creative
Question:
What is the defense to a copyright infringement claim?
Answer:
fair-use doctrine
Question:
How long does copyright last? life of author plus 70 years When will a copyright be granted?
Answer:
when a work is set out in a tangible medium of expression, is
Question:
What is a patent?
Answer:
orginal, and is creative protection that grants the holder the exclusive right to produce, sell, and use the
patented object.
Question:
What does a patent protect?
Answer:
a product, process, invention, machine, or plant produced by asexual reproduction
, Question:
What is/are the criteria to get patent protections?
Answer:
The subject matter must be:
patentable novel useful
Question:
How long does a patent last? 20 years What is a trade secret?
Answer:
nonobvious a process, product, method of operation, or compilation of
Question:
How long do trade secret protections last?
Answer:
information that gives a businessperson an advantage over his or her competitors Forever as long as
you keep the test
Question:
How are trade secrets protected?
Answer:
By the common law from unlawful appropriation by competitors as long as it kept secret and consists
of elements not generally known in the trade.
Question:
What is a trademark?
Answer:
a distinctive mark, word, design, picture, or arrangement used with a product that helps consumers
identify the product with the
Question:
How is the intrastate trademark protected?
Answer:
producer. protected under state common law
Question:
How is the Interstate trademark registered?
Answer:
the trademark must be registered with the US Patent and
