To Be Protected from Patent Infringement in Several Countries Outside

question 96

True/False

To be protected from patent infringement in several countries outside the U.S. ,you have to apply for a U.S.patent as well as an international patent.

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the sum of its fair value of identifiable assets and liabilities, representing items like reputation or brand value.

Franchisor

The parent company that develops a product or business process and sells the rights to franchisees.

Business Process

A series of steps performed by a group of stakeholders to achieve a concrete goal, typically involving defining, measuring, analyzing, improving, and controlling processes.

Business-Format Franchising

A type of franchising in which the franchisee adopts the franchisor’s entire method of operation.