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properties

TermDefinition
intellectual property law the group of laws that regulates the ownership and use of creative works
patent a document that grants to an inventor the right to exclude others from making, using, or selling an invention
public domain comprises all intellectual property whose protection has expired
patent pending the status of an invention between the time a patent application has been filed and when it is issued or rejected
copyright a legal device that protects original works of authors
trademarks a word, symbol, design, or color that a business uses to identify itself or something it sells
service mark a word, symbol, design, or color thaty describes a service business
permit a legal document giving official permission to run a business
license a certificate that shows you have thenecessary education and training to do a job
contract a binding legal agreement two or more persons or parties
consideration what is exchanged for the promise
capacity the legal ability to enter into a binding agreement
equal employment opportunity comission the government agency charged with protecting the rights of employees
wrongful termination the right of an employee to sue his or her employer for damages if he or she is terminated for an unacceptable reason
price discrimination the charging of different prices for the same product or service in different markets or to different customers
uniform commerical code a group of laws that regulates commerical business transactions
warrantly of merchantability a guarantee about the quality of goods or services purchases that is not written down explicity spoken
bait and switch adversiting an illegally way of selling that involves adversiting a product at a very low price in order to attract customers
fica one such payroll tax
Created by: chasidycoleman
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