Which of the Following Is True in Case a Patent

question 93

Multiple Choice

Which of the following is true in case a patent expires?

• A) It comes under the purview of the Supreme Court to restrict its use in public.
• B) It is in the public domain and others may use it without limitations.
• C) It is put aside for someone else to acquire.
• D) It will be reviewed and reassigned to the same owner.
• E) It will be declared as null and void and the invention will be declared useless.

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Definitions:

Furtherance

An action taken to advance or promote a particular cause, objective, or interest.

Liquidation

The process of closing a business, selling its assets, and using the proceeds to settle its debts, with any remaining funds distributed to owners or shareholders.

Distributions-in-Kind

Non-cash assets paid out to investors or partners from a firm or fund.

Partnership's Assets

Items of value owned by a partnership that are used or can be used to conduct its business.