Legl 2700 Epstein Test 3 100 Correctly Answered Questions Latest Update

fanciful mark {Ans: made up words *strongest king}remainder interest {Ans: Ex: "To Michelle for life, then to Jim"... interest for Jim}exploiting patent right {Ans: -right is to exclude from others selling, making, using, importing -depending on circumstances, may be able to make it yourself -may want to license your invention to others (royalty= pay someone off of license)}tech transfer {Ans: (Bayh-Dale Act) -organizations could own the inventions that used federal money -file patents -licensing preference to small businesses -gov does retain a non-exclusive license -march in rights if not being promoted correctly}tarnishment {Ans: when usage of a mark creates a negative impression about the famous company}fee simple absolute {Ans: most common for houses (ex: to Michelle forever)}