Technology Transfer Agreements

question 50

Multiple Choice

Technology transfer agreements:

• A) protect "distinctive" or "famous" marks from unauthorized uses only when confusion is likely to occur.
• B) permit a company to quickly penetrate a foreign market without incurring the substantial financial and legal risks associated with direct investment.
• C) prevent an intellectual property owner from granting to another the right to use protected technology in return for some form of compensation.
• D) assert that priority of trademark rights in the United States depends upon the priority of use anywhere else in the world.

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Definitions:

Hostile Takeover

An acquisition attempt by a company or investor to obtain control of another company against the wishes of the target company's management and board of directors.

Takeover Bid

An offer made to acquire a controlling stake or all of a company's shares, either friendly or hostile.

Consolidation

The process of combining two or more companies into a single entity to enhance competitive strength and efficiency.

Merger

The combination of two or more companies into a single entity, with the aim of achieving greater efficiencies or market share.