click below
click below
Normal Size Small Size show me how
1.01- 1.03 vocab
Term | Definition |
---|---|
ethics | Recognizing the difference between right and wrong, then choosing what is right |
Code of conduct | A set of conventional principles and expectations that are considered binding on any person who is a member of a particular group |
agent | An athlete/entertainer representative that helps with endorsements and negotiations |
intellectual property | Patents, copyrights, trademarks, and trade secrets. federal and state laws protect intellectual property rights from misappropriation and infingement |
patent | A grant made by the government that the inventor of a creation has the sole (only) right to make use, and sell that invention for a set period of time |
trademarks/service marks | Word, phase, symbol, or design that identifies and distinguishes a company from others and is granted legal protection through the United States Patent and Trademark Office. |
copyright | An exclusive right granted by the federal government allowing the owner to reproduce and sell an artistic or published work |
certification marks | A mark used by one or more persons, other than the owner, to certify the region, materials, mode of manufacture, quality or other characteristic of specific goods or services |
collective marks | Trademark or service mark used by members of a cooperative, an association, or other collective group or organization |
trademark infringement | illegal use of a trademark or service mark; use without the permission of the owner of the trademark or service mark |
ticket scalping | Reselling tickets for more than their face value |
sherman antitrust act | First federal action against monopolies, it was signed into law by Harrison and was extensively used by Theodore Roosevelt for trust-busting. However, it was initially misused against labor unions |
collective bargaining | Negotiations between representatives of labor unions and management to determine pay and acceptable working conditions |
exclusivity | A sponsorship where only one partner is promoted or allowed promotional opportunities |
license | Buyer of the copyrighted, patented, or trademarked material |
licensor | Owner of the copyrighted, patented, or trademarked material |
lockout | Businesses close and arent allowed to work |
lucrative | Profitable |
strike | Stop working and leave jobs |
blackout | When a league blocks the broadcast of a certain game in a certain territory |
players associations | The labor unions that represent the athletes in professional sports |
free agency | An athletes ability to renegotiate his/her contract with his/her existing team or with another team |