When the Intellectual Property Being Licensed Is Technology Protected Primarily

question 32

True/False

When the intellectual property being licensed is technology protected primarily by a patent,a key license provision will be a clause setting forth the licensee's obligation to keep the licensed technology confidential.

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Definitions:

Materials Requisitions

Documents or electronic requests used in manufacturing to authorize the release of materials from inventory for production.

Job Order Cost Accounting

A cost accumulation and assignment method, specifically used for tracking and reporting costs for each individual job or project separately.

Manufacture

The process of converting raw materials or components into finished goods through the use of labor, machinery, tools, and chemical or biological processing.

Indirect Materials

Materials used in the production process that are not directly traceable to the finished product.