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Under Contract Law, Consideration Means Something of Value

question 64

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Under contract law, consideration means something of value.


Definitions:

Nonobviousness

A criterion for patentability of an invention, which requires that the invention must not be obvious to a person having ordinary skill in the art at the time of the invention.

Distinctiveness

The quality of being clearly different or unique, especially in a manner that makes something or someone stand out.

NET Act

The No Electronic Theft (NET) Act is a United States law aimed at addressing copyright infringement specifically for digital and electronic copyright materials.

Copyright Protection

Legal rights granted to the creators or owners of original works of authorship, providing them exclusive rights to use and distribute their works.

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