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:

Capital-Using Technological Advance

A capital-using technological advance refers to innovations that increase the amount of capital per worker used in the production process, potentially enhancing productivity but also increasing capital costs.

Vicious Cycle of Poverty

A self-perpetuating condition where poverty leads to situations that perpetuate poverty, making it difficult for individuals or communities to escape poverty.

Theory of Exploitation

A concept in Marxist economics that posits that capitalists extract surplus value from workers' labor, paying them less than the actual worth of their work.

Neocolonialism

The economic and political strategies by which powerful nations indirectly maintain or extend their influence over other countries, often through economic pressures or cultural dominance.