FG FG FG FG
WhatFGisFGtheFGdifferenceFGbetweenFGaFGpatentFGandFGaFGtradeFGsecret?FG-
FGcorrectFGanswer✔ ✔
PatentsFGexcludeFGothersFGfromFGsellingFGorFGmakingFGyourFGinvention,FGb
utFGtradeFGsecretsFGprotectFGfromFGmisappropriation.
Patent:FGDisclosedFGandFGyouFGhaveFGtoFGfileFGit
TradeFGSecret:FGYouFGdon'tFGhaveFGtoFGfileFGit,FGunderFGprotectionFGasFGlongFG
asFGit'sFGheldFGsecret.
Both:FGProtectedFGbyFGlaw
LengthFGofFGtimeFGforFGaFGtrademark?FG-FGcorrectFGanswer✔ ✔
UntilFGitFGisFGnoFGlongerFGused.
LengthFGofFGtimeFGforFGaFGpatent?FG-FGcorrectFGanswer✔ ✔
20FGyearsFGfromFGtheFGdayFGofFGfiling.FG(UsefulFGlifeFGapproximatelyFG17FG
years)
LengthFGofFGtimeFGforFGaFGtradeFGsecret?FG-FGcorrectFGanswer✔ ✔
ForeverFGasFGlongFGasFGtheFGsecretFGisFGkept?
, DurationFGofFGaFGcopyright?FG-FGcorrectFGanswer✔ ✔
LifeFGofFGauthorFGplusFG70FGyears.
WhatFGforFGofFGIPFGprotectionFGdoFGyouFGneedFGforFGmusic?FG-
FGcorrectFGanswer✔ ✔ Copyright
WhoFGownsFGIP?FG-FGcorrectFGanswer✔ ✔
eitherFGownedFGbyFGtheFGinventorFGorFGtheFGcompanyFGhe/sheFGworksFGfor
establishesFGmetrics,FGmakeFGadjustmentsFGinFGtheFGprocess,FGCVPFG(custo
merFGvalueFGpropositionFGmostFGimportantFGinFGtheFGbusinessFGplanFG-
FGcorrectFGanswer✔ ✔ BusinessFGplans
letsFGyouFGknowFGifFGthereFGisFGaFGneedFGandFGifFGyouFGcanFGprovideFGitFGwhil
eFGmakingFGaFGprofitFG-FGcorrectFGanswer✔ ✔ FeasibilityFGStudy
ValueFGofFGPlanningFG-FGcorrectFGanswer✔ ✔
getsFGeveryoneFGinvolvedFG(participation)
CashFGConversionFGCycle/CashFGFlowFG-FGcorrectFGanswer✔ ✔
CCC=FGDaysFGinventoryFGoutstandingFG+FGDaysFGSalesFGOutstandingFG-
FGDaysFGPayablesFGoutstanding.FGWhatFGisFGimportantFGtoFGaFGstartup? FGCash
flow