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Terms and Review
Term | Review |
---|---|
patent | document that grant on an inventor the right to exclude other from making, using, or selling and invention or other intellectual property during the term of the patent |
patent pending | the status of an invention between the time, the patent application has been filled and when it is rejected |
copyright | legal device that protects orignal works of authors |
trademark | a word, symbols, design, or color that a business uses to identify itself or something it sell |
service mark | symbol, design, or color that describes a service business |
permit | legal document giving offical permission to run a business |
license | certificate that shows you have the necessary education and training to do a job |
contract | is a binding legal agreement between two or more persons or parties |
consideration | is what is exchanged for promise |
capacity | legal ability to enter into a binding agreement |
equal opportunity employment commission | is the government agency charged with protectiong the right of employees |
wrongful termination | right of an employee to sue his or her employers for damages if he or she terminated for an unacceptable reason |
price duscrimination | is the charging of different prices for the same product or service in different market to different customers |
unifrom commerical code | group of laws that regulates commercial business transaction |
bait and switch advertising | illegal way of selling that involves advertising products a very low price in order to attract customers |
fica | when you hire employees you need to deduct certain payroll taxes from their earnings |
warranty of merchantability | guarantee about about the quality of goods |
public domain | comprises all intellectual property whose protection has expired |
Intellectual property law | the group of law that regulates the ownership and uses of creative work |