Cat in the Hat Pty Ltd Owns the IP Rights

question 14

Multiple Choice

Cat in The Hat Pty Ltd owns the IP rights in 'widgets'.Which of the following is the best description of the restrictions it is permitted to impose in a license granted to Sam to produce widgets?

• A)Where Sam can produce the widgets.
• B)The period in which the widgets can be produced by Sam.
• C)The number of units of widgets that Sam can produce.
• D)Where, when, how and what volume of widgets Sam may produce.

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Definitions:

GDP

GDP represents the aggregate financial or market worth of all completed products and services generated inside the confines of a nation over a defined timeframe.

Real GDP

The measure of the value of all goods and services produced within a country's borders, adjusted for inflation, over a specific time period.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period, used as a broad measure of economic performance.

Deflation

A decrease in the general price level of goods and services, often leading to increased purchasing power of money.