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properties
Term | Definition |
---|---|
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 |