A Patent Grants

question 3

Multiple Choice

A patent grants

• A) a guarantee of quality to consumers.
• B) the right to practice a profession.
• C) an exclusive right to an inventor of a product.
• D) control over a unique source or supply of raw materials.

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Definitions:

Safe Harbor

Legal provisions that protect parties from liability or penalties under specific conditions if they act in good faith.

Private Securities Litigation Reform Act

A 1995 U.S. law that aims to reduce frivolous or unnecessary securities lawsuits through various procedural and substantive changes.

Financial Forecasts

Projections of a company's future income, expenses, and capital requirements, based on assumptions about economic conditions, market trends, and business operations.

Affiliate

A business enterprise located in one state that is directly or indirectly owned and controlled by a company located in another state. Also called foreign subsidiary.