The Cost of Successfully Defending a Patent in an Infringement

question 60

Multiple Choice

The cost of successfully defending a patent in an infringement suit should be

• A)charged to Legal Expenses.
• B)deducted from the book value of the patent.
• C)added to the cost of the patent.
• D)recognized as a loss in the current period.

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Definitions:

Parallel Importing

The practice of importing goods through channels that are unofficial, unauthorized, or unintended by the original manufacturer.

Back-Channel Market

A market where goods and services are traded through secondary, often unofficial, routes or channels.

Joint Venture

A business agreement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project, sharing both the risks and rewards.

Direct Importing

The process by which a business buys products directly from a foreign country to bring into its home market, bypassing any middlemen.