Shared Flashcard Set

Details

BLAW Final
Business Law- Jeff Sharp
27
Business
Undergraduate 3
12/21/2012

Additional Business Flashcards

 


 

Cards

Term
Principle of Comity
Definition
US will uphold legal actions of another country as long as they coincide with our laws and will not change decisions made by other countries; marriage and torture
Term
Act of State Doctrine
Definition
The US will not question acts of other countries committed within their borders, such as expropriation or confiscation; American gas companies in Libya were put of business through expropriation
Term
Doctrine of Sovereign Immunity
Definition
US does not have jurisdiction over another country unless:

1. They agree/consent to give up their sovereign immunity
2. They commit a tort or human rights violation
3. They operate business inside the US
Term
Foreign Corrupt Practices Act
Definition
US companies are not allowed to bribe government officials in other countries, this includes company’s employees and stockholders
Term
Economic Espionage Act of 1996
Definition
Can serve 10 years and pay up to 10M as well as seizure and forfeiture of property used to disclose info and property/assets gained from obtaining secret
Term
Trademarks
Definition
Any mark, motto, device, or emblem that a manufacturer prints, stamps, or affixes to an item for sale; must be distinctive such as out of context or made up word. Renewed between 5th and 6th year and thereafter every 10 years
Term
Latham Trademark Act of 1946
Definition
Federal law to benefit businesses by providing value through uniqueness and reducing infringement, benefits consumers by reducing fakes and information through brands
Term
Trade Name
Definition
Used to identify a person or business in marketplace, Protected only by state law, Just the name of the company and needs to be registered in each operating state
Term
Trade Infringement
Definition
Infringement occurs when someone uses a protected trademark (trade name, trade dress and service mark) in a way that creates substantial confusion, ex: Fake designer handbags
Term
Trademark Dilution
Definition
Dilution is “the lessening of the capacity of a famous mark to identify and distinguish goods and services”, only applies to nation wide trademarks (NOT SMALL LOCAL FIRM), overwhelming population must known of trademark, Ex: Kodak cameras vs. bicycles
Term
Federal Trademark Dilution Act of 1995
Definition
- Aided in stopping cyber squatters, those who purchased domain names of large companies to sell them for profit later. Also gave trademark owners the right to sue resulting in just the domain name being returned
1. Extremely ineffective because cyber squatters didn’t have to pay damages
2. Changed on Nov. 29, 1999
Term
Anti-Cyber Squatting Act Consumer Protect Act
Definition
Added a new section to the Latham Act of 1946 which stated that if you have a trademark registered, you also have the right to the domain name, penn state owns pennstate.com, If cyber squatters wouldn’t give you the rights, you could sue for damages and attorney fees, amous people also entitled to their own domain name, Bradpitt.com
Term
Internet Corporation for Assigned Names and Numbers (ICANN)
Definition
responsible for regulating the issuance of domain names, handle all US trademark domain registrations for the government, In 1999 approved an arbitration procedure to handle disputes, No trial necessary and could have it solved through arbitration and if you are unhappy with arbitrators decision you could take it to court
Term
Patent Law
Definition
Provides the right to exclude others from making, using, selling, or offering to sell the invention to the inventor; Does NOT give you a monopoly but gives inventor right to exclude others from infringing, up to inventor to decide who to exclude. Invention cannot be obvious such as enlarging an existing product. Patents last 20 years and cannot be renewed.
Term
Utility Patent Categories
Definition
1. Processes- Step by step processes that create something new, Ex: software and business methods of production
2. Machines- Invention of new machines, Can take a bunch of different patents to create a new machine and patent that, Ex: Camcorder
3. Articles of Manufacture- New hand tools, Ex: House, Dental, Mechanic Tools
4. Composition of Matter- Mixing stuff to create new formulas which can be made of liquid, gas, or solids, enables patenting of drugs, foods, metals, plastic
Term
Patent Infringement
Definition
Making, using, selling, or offering to sell something without the permission of the patent holder constitutes the tort of infringement
1. Inventor has right to exclude people from doing this to their patented items
2. Patents are truly only beneficial for expensive or complicated to make items and items that are related to the government
Term
Design Patent
Definition
A patent that lasts for 13 years for the “ornamental design of a functional item”, must be original and cannot be offensive or inappropriate appearance
Term
Copyright Law
Definition
US constitution protects it, “To promote the progress of science and useful arts, by securing for LIMITED times to authors and inventors the exclusive right to their respective writings and discoveries” Article 1, Section 8, Clause 8
Term
Copyright Act of 1976 (As Amended)
Definition
Do not necessarily have to file copyright registration in order to have copyright protection, however sometimes you will receive special protection if registered
Term
Copyrights Protect:
Definition
Creative expression in fixed from, Books/Magazines/Newspapers/ Other Papers, CDS/Vinyls, Films/Photos/Videotapes/DVDS, Broadcast programs, Artistic express such as choreography, dance steps, art work, sheet music
Term
Fixation
Definition
Work must be fixed in a tangible medium of expression now known or later developed from which work can be perceived, reproduced, or otherwise communicated directly or with a machine (computer)
Term
Sonny Bono Copyright Term Extension Act of 1998
Definition
1. Added 20 years to any copyright that has not expired as of 1998
2. Changed policy to now have copyrights obtained before 1978 last 95 years
3. And copyrights obtained 1978 and forward last as long as the author lives +70 years
4. If delayed publishing something your copyright has a 120 year protection from date of creation OR it can last 95 years after its first published, whichever expires first
Term
Compulsory Licensing
Definition
Song writers that give any one person permission to make sound recording must license everyone as long as they pay government set royalty, only for recordings not live performances, must perform as written, with own style
Term
Subconscious Infringement
Definition
Beatles example, Harrison said he didn’t intend to do it but he must have heard it and the notes came to him, still found liable and owed a lot of infringement money
Term
Section 114 of Copyright Act
Definition
NO FAIR USE of sound recordings, Sampling requires permission
Term
Fairness in Music Licensing Act
Definition
Bars with up to 4 TV screens do not need permission to watch NFL games just not pay per view, also applies to stores playing the radio
Term
Digital Millenium Act of 1998
Definition
Cant defeat a technological measure to gain unlawful access to a work, mp3/lockpicking, Also cant help others do this through devices or services primarily designed for it, Cant market, or sell technology like this
Supporting users have an ad free experience!