Patents Are Not Granted in Respect of

question 5

Multiple Choice

Patents are not granted in respect of

• A)Drugs and medicines.
• B)Processes.
• C)Naturally occurring organisms.
• D)New ways of using existing products.

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Definitions:

Property Contributed

refers to assets or properties given to an entity, such as a charity or a business, by an individual or another entity.

Fiscal Year-end

The last day of a company's accounting period, which is used for financial reporting and tax purposes.

Corporate Tax Return

A corporate tax return, often filed using Form 1120, is required for corporations and details the income, gains, losses, deductions, and credits from the corporation's operations.

Foreign Subsidiaries

Companies that are partially or wholly owned by a parent company but are located in a different country.