Questions with Correct Answers 2025-
2026 Updated.
copyright - Answer protects original works of authorship.
fair use - Answer a defense of a claim to infringement
trademark - Answer a word, phrase, symbol or design, or a combination of words, phrases,
symbols or designs, that identifies and distinguishes the source of the goods of one party from
those of others
trade dress - Answer An image of a business that is so distinctive, it is only associated with
that business
Cybersquatting - Answer registering a domain name that is confusingly similar to the
trademark of another company with a bad faith intent to profit off the name.
copyright infringement - Answer occurs when someone copies your work without your
permission whether or not they do it for commercial purposes intentionally or unintentionally
purpose of trademark law - Answer To protect the owner of a mark and to prevent others
from using the mark in a way that will cause consumer confusion between products and
services.
infrigement - Answer the use of someone elses trademark or a confusingly similar mark for
his or her own use which causes harm to the original mark owner
dilution - Answer remedy for the owners of famous marks to stop those using the mark in a
way that would be harmful to the brand
blurring - Answer A situation that occurs when a party uses another party's famous mark to
designate a product or service in another market so that the unique significance of the famous
mark is weakened
, trademark fair use - Answer A defense against trademark infringement
utility patent - Answer a statutory grant from the federal government giving the inventor of a
novel, genuine, not obvious product the exclusive right to make, use and sell an invention for 20
years from the date of application
Provisional Patent Application - Answer Temporary alternative that is far less complicated to
file for than a patent application. Filing date serves as proof that the invention was created prior
to similar products
trade secret - Answer A formula, device, idea, process, or other information that is a secret
and used in a business that gives the owner a competitive advantage in the marketplace. (coca
cola recipe)
license agreements - Answer allows to keep ownership of the work, while requiring others to
pay you for the use of your work
arbitrary and fanciful - Answer completely unrelated names such as Apple
Sole Proprietorship - Answer The simplest form of business, in which the owner is the
business. The owner reports business income on his or her personal income tax return and is
legally responsible for all debts and obligations incurred by the business.
General Partnership - Answer When two or more competent parties combine their money,
labor, and skills for the purpose of carrying on a lawful business
fiduciary relationship - Answer Partners have a fiduciary relationship to one another. This
means they have a duty of loyalty, to good faith, and to put the interests of the partnership
above their own.
Uniform Limited Partnership Act - Answer All states (except Louisiana) have adopted a
version of the Uniform Limited Partnership Act which requires limited partnership agreements
to be in writing
limited partnership - Answer the main advantage of the limited partnership is that certain
non-managing partners can be designated as limited partners who have no liability for