Asked by
Fiere Brown
on Nov 14, 2024
Verified
A patent
A) has a legal life of 40 years.
B) is nonrenewable.
C) can be renewed indefinitely.
D) is rarely subject to litigation because it is an exclusive right.
Legal Life
The duration for which an entity, asset, or agreement is legally effective or recognized.
Patent
A legal right granted by a government authority that gives an inventor exclusive rights to make, use, or sell an invention for a specified time period.
- Attain familiarity with the legal parameters and effective period of patents and copyrights, together with their ramifications on financial accounts.
Verified Answer
TM
Learning Objectives
- Attain familiarity with the legal parameters and effective period of patents and copyrights, together with their ramifications on financial accounts.
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