BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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produce and sell an invention
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pursue the development of an invention
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keep new product development secret
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market new products over the Internet
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Detailed explanation-1: -A patent owner has the right to decide who may – or may not – use the patented invention for the period in which the invention is protected. In other words, patent protection means that the invention cannot be commercially made, used, distributed, imported, or sold by others without the patent owner’s consent.
Detailed explanation-2: -TT: A patent is a right to use an invention. If you made a product-your product-your right is to exclude others from using, making and selling the product. If you created a new method of using a product, then your right is to exclude others from using that product.
Detailed explanation-3: -Advantages of patents A patent gives you the right to stop others from copying, manufacturing, selling or importing your invention without your permission. See protecting intellectual property. You get protection for a pre-determined period, allowing you to keep competitors at bay.
Detailed explanation-4: -A patent protects an invention by allowing its inventor-or the group who owns the patent-control over who may use the invention. Patent applications are adjudicated by the United States Patent and Trademark Office (USPTO) and are valid for 20 years. An assignee is a person or group who owns a patent.