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entrepreneurship5

TermDefinition
Intellectual Creations of the mind that can be legally protected
Copyright Legal protection for original works of authorship
Fair Use Limited legal use of copyrighted material without permission under certain conditions
Public Domain Works not protected by copyright, free for anyone to use
Infringement Unauthorized use of IP
Patent Exclusive right granted to an inventor to make, use, or sell an invention
Utility Patent Protects new and useful processes, machines, or inventions
Design Patent Protects the visual design or appearance of an object
Trademark A symbol, word, or phrase identifying a brand or company
Trade Dress The look/feel of a product or its packaging that identifies the brand
Patent Troll A person/company that enforces patents aggressively without intent to produce
Sole proprietorship A business owned by one person; simplest structure
Partnership A business owned by two or more individuals
Corporation A legal entity separate from its owners offering liability protection
LLC Hybrid structure offering liability protection with easier management
Non-profit organization Organization serving public interest; profits reinvested, not distributed
Limited Liability Legal protection for owners from personal responsibility for business debts
OSHA US agency enforcing workplace safety laws
Hazard Communication OSHA rule requiring proper labeling & communication of hazards
Personal Protecction Safety gear required to protect employees from hazards
Violation Failure to meet OSHA safety standards
Compliance Meeting legal and regulatory safety requirements
Business License Legal authorization required to operate a commercial business
Permit Official permission to perform an activity
Serv-Safe certification Required for food-based businesses like food trucks or restaurants
Created by: user-1782258
 

 



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