Which of the Following Is True About Filing for a Patent

question 90

Multiple Choice

Which of the following is true about filing for a patent?

• A)Patents are based on a "first to file" basis.
• B)Patents are based on a "first to invent" basis.
• C)Patents can be shared if multiple people invent the same product.
• D)Patents are awarded to the best design should multiple people file at the same time.

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Definitions:

RRSP

Registered Retirement Savings Plan, a Canadian investment account for holding savings and investment assets, with certain tax benefits.

Compounded Monthly

A method that involves computing interest for a month by adding it to both the original principal sum and the interest that has been accumulated from past periods.

Conditional Sale Contract

A sales agreement that transfers the title of an item to the buyer only after certain conditions, typically payment completion, are met.

Compounded Monthly

Interest calculation method where interest is added to the principal every month, affecting subsequent interest calculations.