The Principle of First in Time Equals First in Right

question 34

Multiple Choice

The principle of first in time equals first in right:

• A)asserts that it is enough to have invented the mark first.
• B)is a fundamental principle of service mark law.
• C)asserts that it is enough to have used the mark earlier in any country.
• D)is bound by the territoriality principle.

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Definitions:

Net Present Value

The measurement of the profitability of an investment, calculated by subtracting the present values of cash outflows from the present values of cash inflows over a period of time.

Contribution Margin

The amount by which a product's sales exceed its variable costs, contributing towards covering fixed costs and generating profit.

IRR

Internal Rate of Return; a metric used in financial analysis to estimate the profitability of potential investments.

Base-Case

A scenario used as a benchmark in analysis, representing the default or most likely set of assumptions.