BUS 3300 TOP EXAM 2 FINAL PAPER 2026 COMPLETE QUESTIONS ANSWERS PREMIUM STUDY GUIDE

BUS 3300 TOP EXAM 2 FINAL PAPER 2026
COMPLETE QUESTIONS ANSWERS PREMIUM
STUDY GUIDE

◉ What is a collective mark?
Answer: A mark used by members of a group (e.g., MLB, NFL)


◉ What is licensing?
Answer: A contract where a licensor allows a licensee to use IP for
royalties


◉ What does a patent grant?
Answer: Exclusive rights to make, use, and sell an invention


◉ What is a utility patent?
Answer: Protects functional inventions for 20 years


◉ What is a design patent?
Answer: Protects design for 15 years


◉ What makes something patentable?

, Answer: Must be new, useful, and not obvious


◉ What is patent infringement?
Answer: Using a patent without permission


◉ What are remedies for patent infringement?
Answer: Injunction, damages, attorney's fees


◉ What is required for copyright protection?
Answer: Must be in a tangible medium


◉ Are ideas copyrightable?
Answer: No


◉ How long do copyrights last?
Answer: Life of creator + 70 years


◉ Where are copyrights registered?
Answer: Copyright Office


◉ What is copyright infringement?
Answer: Using copyrighted work without permission