Business Law Ch 18

Front 1

new economy

Back 1

in the "", investment buys new concepts or the means to create them rather than new machines

Front 2

universal possesion

Back 2

is possible when a good is available to many people at the same time in such a way that one persons possesion and employment of it does not diminish anothers

Front 3

exclusive possession

Back 3

characterizes an individuals exercise of power over a thing of their pleasure to an exclusion of all others

Front 4

natural scarcity

Back 4

occurs when the supply of a natural resource is inadequate

Front 5

artificial scarcity

Back 5

makes the supply of an informational resource inadequate

Front 6

human capital

Back 6

the speical talents and expertise of those employed by the business

Front 7

internal information-based assets

Back 7

include business concepts, models, information systems, and well as any inventions or content created by the business

Front 8

external information based assets

Back 8

include the image and reputation of the business

Front 9

intellectual property law

Back 9

a set of rules that aims to balance the rights of a creator against the public interest

Front 10

original work

Back 10

work that is not copied from another source

Front 11

royalties

Back 11

the monetary compensation given to an author in exchange for the use of their intellecual property

Front 12

advance on royalties

Back 12

intrest free incentive that is paid to the author before the completion of a work and is later deducted from the sum of royalties

Front 13

public domain

Back 13

the realm of work that belong to the comunity at large and that can be used by anyone

Front 14

moral rights

Back 14

include the right of attribution, the right of integrity over work, and the right to be associated or not, with a work

Front 15

copyright infringment

Back 15

includes any use of an original work without the owners permission

Front 16

copyright collectives

Back 16

are organizations that administer certain rights granted by the copyright system on behalf of copywrite owners who are memebers of the collective

Front 17

fair dealing

Back 17

invloves the lgitimate use of work for private study, research, criticism, review, or news reporting

Front 18

trademark

Back 18

a word or words, symbol, or design that is used to distinguish one persons goods or services from anothers in the marketplace

Front 19

passing off

Back 19

occurs when one person represents its business, goods or services as someone elses through a confusingly similar mark or name

Front 20

ordinary marks

Back 20

words or symbols that distinguish the goods or services of your business

Front 21

certification marks

Back 21

identifye goods or services that meet a standard set by governing organization

Front 22

distinguishing guises

Back 22

identify the unique shape of a product or its package

Front 23

knock off

Back 23

an item for sale that looks like a product made by the trademark holder and is represented by a similar mark but is usually inferior quality

Front 24

trademark dilution

Back 24

occurs when a mark that is used in a non confusing manner has the effect of tamishing another trademarks image or somehow the value of its goodwill

Front 25

patent

Back 25

grant a monopoly to inventers, allowing them to exclude others from making, using or selling their inventions for a period of 20 years from the date of application

Front 26

novelty

Back 26

depends upon a non-disclosure requirement

Front 27

ingenuity

Back 27

means that the item for which a patend is sought would not have been obvious to people fluent in similar technologies

Front 28

industrial design

Back 28

the features of shape, configuration, pattern, or ornament applied to a finished article

Front 29

trade secret

Back 29

uses legal rules to keep information-based asset a secret untill it is sold

Front 30

brach of confidence

Back 30

occurs when a person who has been entrusted with confidential information uses that information improperly