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Questions and Answers
A writer who pitches a story idea to a studio or publisher is protected under copyright law.
False
For a contract to be valid when users open shrink-wrap packaging, it must not be stated in a conspicuous manner.
False
A struggling writer can easily demand a signed advance agreement from an influential producer.
False
Media firms are exempt from legal challenges related to plagiarism.
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Submitting unsolicited manuscripts directly to media firms without an intermediary is a common practice to avoid plagiarism issues.
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Patents grant the exclusive right to make, sell, import, or license an invention.
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Intellectual Assets are more commonly known as intellectual property rights (IPRs).
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Property refers to the collection of ownership rights held by someone in an item, protected by the state.
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Information products are inexpensive to create and difficult to duplicate.
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Technology makes it easier to protect information from unauthorized copying and distribution.
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The legal construct of IPRs has incentivized the creation of new information and innovation.
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Intellectual Assets include the rights to use, consume, destroy, sell, rent, extract, and include.
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Confidentiality agreements are also known as 'non-disclosure agreements'.
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CNCs typically have a validity period of up to five years.
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Confidentiality agreements cover third parties who overhear sensitive information.
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Contract-created intellectual agreements (IAs) make it easy for employees to quit their jobs.
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Companies utilize 'shrink-wrap' contracts to create contract-generated intellectual property rights.
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Nondisclosure agreements (NDAs) are not legally binding without specific agreements.
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A patent holder must actually produce the invented product to claim infringement.
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Companies can only use their patents for defensive purposes, not to block others.
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Large companies frequently sued each other over patents in the past.
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Trademark registration is typically done through a country's patent and copyright office.
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The emergence of IP insurance has weakened a small firm's bargaining position in licensing deals.
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A trademark is used to create confusion among consumers regarding a company's products and services.
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Copyright protection primarily focuses on technological property, while patent protection is mainly concerned with literary and artistic property.
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The use of the © symbol in a copyright notice is mandatory for legal protection.
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Once a work's copyright period ends, it automatically becomes public domain.
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Registration of a copyrighted work is essential as it provides conclusive evidence of ownership in case of legal disputes.
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Derivative works based on a copyrighted piece can be legally reproduced and distributed without permission from the copyright owner.
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Nondisclosure agreements are considered more effective in protecting creative works than copyrights or patents.
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