The Intent of a Patent Is to

question 4

Multiple Choice

The intent of a patent is to

• A) increase competition in the marketplace.
• B) reward innovation and hard work of inventors.
• C) slow the growth of monopolies.
• D) encourage copycat inventions.

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Definitions:

Sole Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.

Dissolve

The process by which a solid, liquid, or gas forms a solution in a solvent, becoming evenly dispersed and losing its distinct form.

Automatically Transferred

A process where ownership or rights shift from one party to another without the need for manual intervention, often by operation of law or contractual agreement.

Franchise Rule

The Franchise Rule is a regulation created by the Federal Trade Commission (FTC) that mandates franchisors to provide all potential franchisees with a disclosure document containing essential information to help in making an informed decision about the investment.