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Aleem Properly Filed for a Patent on a New Machine

question 23

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Aleem properly filed for a patent on a new machine with the U.S. Patent and Trademark Office. Erin, who had been working on the same type of machine was furious when she learned about Aleem's filing. She presented proof that she had actually invented the machine first but had not yet prepared the paperwork for filing at the time of Aleem's filing. Assuming no wrongdoing on the part of either party and that they developed the machine independently, which of the following is the correct resolution of the dispute?


Definitions:

Geometric Average

A method of calculating the average rate of return that accounts for compounding, often used for investment portfolios.

Long-term

In finance, refers to investments or loans that mature in more than one year; in general use, refers to a duration extending over a long period.

Canadian Small Stocks

Equity securities of small-cap companies based in Canada, often characterized by higher volatility and growth potential than larger firms.

Risky

Involves a high degree of uncertainty and potential for loss in relation to an investment or decision.

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