An Inventor Obtained a Patent on a Product and Licensed

question 43

Multiple Choice

An inventor obtained a patent on a product and licensed the right to use the knowledge related to this patent to another company. This represents a

• A) merger.
• B) technology license.
• C) merchandise license.
• D) trademark.
• E) internal strategy.

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Definitions:

Hierarchical Process

A structured method where tasks or decisions are arranged in levels of importance or authority.

Practical Knowledge

Knowledge gained through direct experience or practice, as opposed to theoretical understanding.

Tricuspid Valve

A valve located between the right atrium and right ventricle in the heart, ensuring one-way flow of blood.

Type 1 Diabetes

An autoimmune condition where the pancreas produces little or no insulin, requiring insulin administration for management.