Questions and Correct Answers | New
Update
intellectual property - 🧠 ANSWER ✔✔a type of property in information and
its application or expression (patents and copyrights)
4 components of intellectual property - 🧠 ANSWER ✔✔justification,
competition, importance, capturing
How to establish the existence of a trade secret - 🧠 ANSWER ✔✔1.
conduct a trade secret audit to identify confidential know-ledge based
resources
2. preserve secrecy
,Al Minor & Associates, inc. V. Martin - 🧠 ANSWER ✔✔- a client list can
serve as a trade secret because it provides value to the owner
- the court found that *even information that was memorized and not written
down can be subject to trade secret protection*
- all information used within a company is not necessarily a trade secret
misappropraition - 🧠 ANSWER ✔✔when one improperly acquires secret
information through burglary, espionage, or computer hacking (independent
creation & reverse engineering are exempt)
patent - 🧠 ANSWER ✔✔the right to exclude others from making, ,using
selling, or importing a covered invention
utility patent - 🧠 ANSWER ✔✔new, non-obvious, useful processes,
machines, improvements
-20 years from filing date
design patent - 🧠 ANSWER ✔✔new, original & ornamental design for an
article of manufacture
-14 years from issue date
, plant patent - 🧠 ANSWER ✔✔new variety of plant that can be reproduced
asexually
-20 years from filing date
steps to obtaining a patent - 🧠 ANSWER ✔✔1. file application
2. filing fee
3. explain invention
4. show difference from prior art
5. describe patentable aspects
6. evaluation by patent examiner
Association for Molecular Pathology V. Myriad Genetics, Inc. - 🧠 ANSWER
✔✔- the court determined that naturally occurring sequences of DNA
isolated from the human body are not patent eligible
-non naturally occurring or manufactured DNA sequences can be patented
- the court's decision retroactively affects existing patent claims covering
natural DNA - now they are invalid
novelty - 🧠 ANSWER ✔✔new and different from prior art
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