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23 Cards in this Set
- Front
- Back
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a party who agrees to act on behalf of another
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agent
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a party who employs another person to act on his or her behalf
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principal
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persons and businesses that are not employees to perform certain tasks on their behalf
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independent contractors
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a principal creates the appearance of an agency that in actuality does not exist
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apparent agency
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most information learned by an agent in the course of an agency
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imputed knowledge
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agent owes a fiduciary duty not to act adversely to the interests of the principal
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duty of loyalty
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results if a thiry party entering into a contract knows that the agent is acting as an agent for a principal and the actual identity of the principal.
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fully disclosed agency
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occurs when the third party is unaware of either the existence of an agency or the principal'd identity
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undisclosed agency
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principals are liable for the negligent conduct of agents acting within the scope of their employment
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respondent superior
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product formulas, patterns designs, compilations of data, customer lists, or other business secrets
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trade secrets
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copyright holder's rights in a work are not absolute.
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fair use
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protect the owner's investment and goodwill in a mark and prevent consumers from being confused as to the origin of goods and services
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lanham act
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distinctive mark, symbol, name, word motto, or device that identifies the goods of a particular business.
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trademark
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used to distinguish the services of the holder from those of its competitors
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service mark
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authority expressly given to the agent by the principal
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express agency
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authority implied by conduct, custom of trade, or act incidental to carrying out the agent's duties
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implied agency
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acts of non agent or of agent outside scope of authority
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ratification
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a special type of agency relationship that is created for the agent's benefit
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irrevocable agency
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represent parties with conflicting interests
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dual agency
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congress grants inventors rights to "novel, useful, and non obvious" inventions
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patent
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grants the holder rights to reproduce or distribute, publicly perform and display of work
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copyright act
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criminalize's trafficking goods with counterfeit marks
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anti- counterfeit consumer protection act
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lawful in us, copy or near-copy, different brand
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knock offs
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