Design Patents Have a Duration of ____ Years

question 51

Multiple Choice

Design patents have a duration of ____ years.

• A) 10
• B) 14
• C) 17
• D) 20

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders.

Capital Account Balance

The amount of money in a company's or individual's capital account, indicating the net investment in the entity at a specific point in time.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenue, indicating the company's financial performance over a specific period.

Withdrawals

Funds or resources withdrawn from a company by its owner(s) for private purposes.