A Patent Lasts for the Life of the Creator Plus

question 34

True/False

A patent lasts for the life of the creator plus 70 years.

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Definitions:

Simultaneous Deaths

A legal concept usually applied in inheritance law, where two or more people die at the same time or under circumstances where it's not possible to determine the order of deaths, affecting the distribution of their estates.

Trust Claim

A legal claim asserting that property or assets should be held and managed by one party for the benefit of another.

Trustee

An individual or entity given control or powers of administration of property in trust with a legal obligation to manage that property solely for the benefit of the party who has designated the trust.

Estate Planning

The process of arranging the management and disposal of a person's estate during their life and after death.