Examlex
Luis is a partner in a firm that specializes in producing vitamins and health food products. While the business is considered small by U.S. standards, he is attempting to persuade his partner to expand internationally. Luis would list which of the following as an advantage of going international?
Design Patent
A form of legal protection granted to the ornamental design of a functional item, providing an exclusive right to the design's use.
Intellectual Property Law
The area of law that deals with protecting the rights of creators of original works, including inventions, designs, and artistic works.
Royalties
are payments made to the owners of intellectual property, like patents, copyrights, trademarks, or natural resources, for the right to use their assets.
Copyright Protection
Legal rights granted to authors and creators over their original works, preventing unauthorized copying, distribution, or adaptation.
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