While Patents May Be an Effective Way of Protecting Proprietary

question 112

True/False

While patents may be an effective way of protecting proprietary technology in some industries such as pharmaceuticals,many firms competing in the electronics industry do not apply for patents.

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Definitions:

Repossession Companies

Businesses specialized in reclaiming property on behalf of a creditor when the borrower fails to keep up with contractual payments.

Law Enforcement Agencies

Organizations at various levels (local, regional, national) responsible for the enforcement of laws and prevention, detection, and investigation of crime.

LPR Companies

Companies specializing in License Plate Recognition technology, which uses optical character recognition on images to read vehicle registration plates.

Issues Of Privacy

Concerns and considerations related to the protection and handling of personal or sensitive information by individuals, organizations, or technology.