International Law Final Exam (INCOTERMS) Questions And 100% Correct Answers

International Law Final Exam (INCOTERMS) Questions And 100% Correct Answers .4 Types of IP - Answer-1. patents 2. trademarks 3. copyrights 4. trade secrets .Two main types of patents - Answer-utility and design .Ip rights are mostly ------ in origin A. international b. national c. transnational d. shared - Answer-national .Predominant vehicle for controlling technology transfers across national borders is: A. sale of the technology b. a license or franchise contract c. ipo d. none of the above - Answer-a license or franchise contract .In return for sharing of proprietary information, the licensor will receive: A. royalties from the foreign government b. royalties from licensee c. profit from the licensee d. equity from the licensee - Answer-royalties from licensee .TRIPS: A. mandated compulsory licensing of patents in the area of pharmaceuticals and agricultural chemicals b. allows countries to issue compulsory licensing of patents in national emergency situations c. allows countries to issue compulsory licensing of trademarks when it would benefit their country d. prohibits the practice of developing countries issuing compulsory licensing of patents - Answer-allows countries to issue compulsory licensing of patents in national emergency situations .Duration of Patent - Answer-20 years .Duration of Copyright - Answer-life of the creator plus 70 years. .Definition of Trademark - Answer-a name, term, sign, symbol, brand or design which is intended to differentiate them from those of competitors; nonfunctional .At the core of the technology transfer debate is: A. desire of industrialized nations to have access to the technology being developed in newly industrialized nations b. a desire of inventors in highly industrialized nations to gain access to the markets of newly industrialized nations to make higher profit c. a desire by third world countries and advanced developed countries to gain access to technology developed in highly industrialized countries to become competitive in the international market place d. a desire by third world countries and advanced developed countries to gain access to technology developed in highly industrialized countries to no longer have to rely on their extensive labor - Answer-a desire by third world countries and advanced developed countries to gain access to technology developed in highly industrialized countries to become competitive in the international market place .The U.S. system of granting patents is: A. an examination system B. a registration system c. a certification system d. an opposition system - Answer-an examination system .knowhow is A. protected under international law B. protected under national laws of most countries C. protected by using confidentiality agreements and tort law D. none of the above - Answer-protected by using confidentiality agreements and tort law .Trade secrets are protected using - Answer-non-disclosure agreements .Trademarks are protected forever unless: - Answer-the term becomes generic .Qualifications for getting a patent - Answer-1. non obvious 2. new 3. useful