When Lee, a Patent Agent, Draws Up the Petition for a Patent

question 23

True/False

When Lee, a patent agent, draws up the petition for a patent for a particular invention, she must submit detailed specifications of the invention, usually along with drawings of it, and a statement as to what is new in this invention and what uses it can be put to.

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Definitions:

Capital Lease

A lease agreement that grants a lessee the benefits and risks of ownership of the asset, typically recognized on the balance sheet.

Balance Sheet

A “snapshot” of an organization’s financial position at a given moment.