What is a patent, and why is the federal government involved in issuing patents?
What will be an ideal response?
A patent is a grant by the federal government to the inventor of an invention for the exclusive right to use, sell, or license the invention for a limited amount of time.
Patent law is intended to provide an incentive for inventors to invent and make their inventions public and to protect patented inventions from infringement. The U.S. Constitution, at Article I, Section 8, grants express authority to Congress enacted laws to provide for obtaining and protecting patents. Federal patent law is exclusive; there are no state patent laws.
You might also like to view...
Assume common stock is issued to employees as a result of exercising stock purchase rights issued under a noncompensatory share purchase plan. Which of the following accurately describes the effect on the company's income, paid-in capital, and retained earnings, respectively?
A) decreased, increased, and decreased B) no effect, increased, and increased C) decreased, increased, and no effect D) no effect, increased, and no effect
Program flowcharts depict the type of media being used (paper, magnetic tape, or disks) and terminals
Indicate whether the statement is true or false
Employers in all parts of the United States are prohibited from making employment decisions on the basis of weight, even if they are not in violation of the Americans with Disabilities Act (ADA).
Answer the following statement true (T) or false (F)
What is the impact of foreign direct investment (FDI) on workplace diversity?
What will be an ideal response?