Asked by Zeina Samarneh on Jun 18, 2024
Verified
A ________ is a property right granted by the federal government to an inventor.
A) patent
B) copyright
C) royalty
D) trademark
Patent
A legal document granted by a government agency that gives an inventor exclusive rights to use, make, and sell an invention for a certain period of time.
Property Right
A legal right or interest in a property that allows the holder to use, modify, or transfer the property within the bounds of the law.
Federal Government
refers to the national government of a country, which is responsible for governing the country as a whole, as opposed to state, provincial, or local governments.
- Comprehend the essential importance of intellectual property rights, notably patents and trademarks, and their effect on the conduct of business and the promotion of innovation.
Verified Answer
FH
Fatuma HusseinJun 24, 2024
Final Answer :
A
Explanation :
A patent is a property right granted by the federal government to an inventor for a limited time, in exchange for the public disclosure of the invention. This allows the inventor to exclude others from making, using, selling, or importing the invention without permission. Copyright is a similar property right granted to the creators of original works of authorship. Royalty is a payment made to a patent holder or copyright holder for the use of their intellectual property. A trademark is a symbol, word, or phrase used to identify and distinguish goods or services from those of others.
Learning Objectives
- Comprehend the essential importance of intellectual property rights, notably patents and trademarks, and their effect on the conduct of business and the promotion of innovation.