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properties
| Term | Definition |
|---|---|
| intellectual property law | the 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 |
| 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 |
| trademarks | 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 thaty describes a service business |
| permit | a legal document giving official permission to run a business |
| license | a certificate that shows you have thenecessary education and training to do a job |
| contract | a binding legal agreement 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 comission | the government agency charged with protecting the rights of 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 commerical code | a group of laws that regulates commerical business transactions |
| warrantly of merchantability | a guarantee about the quality of goods or services purchases that is not written down explicity spoken |
| bait and switch adversiting | an illegally way of selling that involves adversiting a product at a very low price in order to attract customers |
| fica | one such payroll tax |
Created by:
chasidycoleman
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