Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Busines Legal Issues
Legal Issues facing Start-Ups and Small Businesses
| Question | Answer |
|---|---|
| Intellectual Property law | A group of laws that regulates the ownership and use of creative works |
| Patent | A document that grants to an inventor the right to exclude others from making, using, or selling an invention or other intellectual property |
| Public Domain | Comprises all intellectual property whose protection has expired |
| Patent Pending | The status of an invention between the time a patent application has been filed and when it is issued or rejected |
| Copyright | A legal device that protects original works of authors. These works are books, movies, music, and computer compositions. |
| Trademark | A word, symbol, design, or color that a business uses to identify itself or something it sells |
| Service Mark | A word, symbol, design, or color that describes a service business |
| Permit | A legal document giving official permission to run a business |
| License | A certificate that shows you have the necessary education and training to do a job |
| Contract | A binding legal agreement between two or more persons or parties |
| Consideration | What is exchanged for the promise |
| Capacity | The legal ability to enter into a binding agreement |
| Equal Employment Opportunity Commission (EEOC) | The government agency charged with protecting the rights if employees |
| Wrongful Termination | The right of an employee to sue his or her employer for damages if he or she is terminated for an unacceptable reason. |
| Price Discrimination | The charging of different prices for the same product or service in different markets or to different customers |
| Uniform Commercial Code (UCC) | A group of laws that regulates commercial; business transactions |
| Warranty of Merchantability | A guarantee about the quality of goods or services purchased that is not written down or explicitly spoken |
| Bait and Switch Advertising | An illegal way of selling that involves advertising a product at a very low price in order to attract customers who are then persuaded to switch to a more expensive product |
| Federal Insurance Contributions Act (FICA) | Payroll taxes which is figured as a percentage of an employee's income |
Created by:
The_Expidition
Popular Marketing sets