Aleem Properly Filed for a Patent on a New Machine

question 78

Multiple Choice

Aleem properly filed for a patent on a new machine with the U.S.Patent and Trademark Office.Erin,who had been working on the same type of machine was furious when she learned about Aleem's filing.She presented proof that she had actually invented the machine first but had not yet prepared the paperwork for filing at the time of Aleem's filing.Assuming no wrongdoing on the part of either party and that they developed the machine independently,which of the following is the correct resolution of the dispute?

• A)Under the America Invents Act,Erin will control rights to the patent because she was the first to invent.
• B)Aleem will win and possess all rights to the patent under common law because he was the first to file for a patent.
• C)Under common law,Erin and Aleem will share rights to the patent on a 50-50 basis.
• D)Erin will win and possess all rights to the patent under common law because she first invented the machine.
• E)Under the America Invents Act,Aleem will control rights to the patent because he was the first to file.

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Definitions:

Monetarists

Economists who assert that the dynamism in the money supply significantly shapes short-term national economic performance and price levels over the long haul.

Real Output

The total goods and services produced by an economy, measured in constant prices to adjust for inflation, synonymous with real GDP.

Incentives

Something that motivates or encourages an individual or group to perform or act in a certain way.

Savings

The portion of income not spent on current expenditures and set aside for future use.