Hal Patents a New Type of Running Shoe

question 3

Multiple Choice

Hal patents a new type of running shoe. Hal and Iconic Shoe Company enter into a contract that allows the firm to make and market the shoe in exchange for royalty payments to Hal that decrease after the patent expires. In a previous case, a similar agreement was held to be invalid. According to the dissent in Kimble v. Marvel Entertainment, LLC, stare decisis​

• A) ​means "sticking to some wrong decisions."
• B) ​does not require retaining "baseless and damaging precedents."
• C) ​promotes unpredictability and inconsistency in the business world.
• D) ​permits parties to negotiate a licensing agreement that reflects the true value of a patent.

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Definitions:

Corresponding Value

A corresponding value is an equivalent or related value that is associated with another item, often found in tables or databases.

Logical Button

Usually refers to an interface element in computing that performs a function based on a logic condition or user input, often depicted as a clickable area.

IFERROR

A function used in spreadsheet programs to return a specified value if the formula results in an error, and the formula's result if no error occurs.

Function Library

A collection of prewritten code organized in a software development environment, providing a set of functions or routines that perform common tasks or calculations.