Buisness Law Chapter 8

Term Definition
Intellectual Property Property resulting from intellectual and creative processes.
Trademark A distinctive word, symbol, or design that identifies the manufacturer as the source of particular goods and distinguishes its products from those made or sold by others.
Service Mark A trademark that is used to distinguish the services (rather than the products) of one person or company from those of another.
Certification Mark A mark used by one or more persons, other than the owner, to certify the region, materials, mode of manufacture, quality, or other characteristic of specific goods or services.
Collective Mark A mark used by members of a cooperative, association, union, or other organization to certify the region, materials, mode of manufacture, quality, or other characteristic of specific goods or services.
Trade Dress The image and overall appearance ("look and feel") of a product that is protected by trademark law.
Trade Name A name that a business uses to identify itself and its brand. a trade name that is the same as the company's trademarked product is protected as a trademark, and unique trade names are protected under the common law.
License An agreement by the owner of intellectual property to permit another to use a trademark, copyright, patent, or trade secret for certain limited purposes.
Patent A property right granted by the federal government that gives an inventor an exclusive right to make, use, sell, or offer to sell an invention in the United States for a limited time.
Copyright The exclusive right of an author or originator of a literary or artistic production to publish, print, sell, or otherwise use that production for a statutory period of time.
Trade Secret A formula, device, idea, process, or other information used in a business that gives the owner a competitive advantage in the marketplace.

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