After Filing for a Provisional Patent, How Long Do You

question 70

Multiple Choice

After filing for a provisional patent, how long do you have before developing the idea into a working prototype?

• A)3 years
• B)1 year
• C)14 months
• D)2 years

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Definitions:

Net Capital

The difference between a company's total assets and its total liabilities.

Loanable Funds

A term in economics referring to the market where savers supply funds to borrowers, influencing interest rates based on demand and supply.

Policy Change

Modifications or alterations to policy typically made by governing bodies in response to societal needs, economic conditions, or political pressures.

Loanable Funds

The capital available for borrowing, determined by the supply of savings and the demand for investment within an economy.