Which of the Following Is True of Intellectual Property of a Franchisor

question 44

Multiple Choice

Which of the following is true of intellectual property of a franchisor?

• A) Trademarks do not qualify for patents.
• B) A word or motto that identifies a franchisor does not qualify for trademark protection.
• C) A service mark is exclusive to the franchisor and cannot be licensed to franchisees.
• D) Trade secrets of a franchisor do not qualify for patent protection.

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Definitions:

UPA

Uniform Partnership Act, a set of standard laws regulating the operation of partnerships in the United States.

Termination of a Firm

The process of legally dissolving a business entity and ceasing its operations completely.

Partnership Creditors

Individuals or institutions to which a partnership owes money or other forms of legal obligations.

UPA

The Uniform Partnership Act (UPA) is a set of laws adopted by many states in the U.S. to govern the operation of partnerships and the relationship between partners.