ECONOMICS (CBSE/UGC NET)

ECONOMICS

PROPERTY RIGHTS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

If a company develops a new technology that improves its main product, what type of intellectual property can they use to stop others from copying their invention?

A	copyright
B	geographical indications
C	patents
D	trademarks

Explanation:

Detailed explanation-1: -Patents protect the intellectual property created by inventors.

Detailed explanation-2: -Patents are probably the most applicable type of IP protection for manufacturers and are often filed by those who invent new technologies, processes and products.

Detailed explanation-3: -Patents, copyright and trademark registrations are useful tools for defending your intellectual property through legal channels.

Detailed explanation-4: -Intellectual property refers to creations of the mind. It can be an invention (patent / utility model), a design (industrial design), a brand name (trademark, or a literary and artistic work (copyright).

Detailed explanation-5: -Patents. As defined by the U.S. Patent and Trademark Office (USPTO), a patent is a type of limited-duration protection that can be used to protect inventions (or discoveries) that are new, non-obvious, and useful, such a new process, machine, article of manufacture, or composition of matter.

There is 1 question to complete.