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sergey [27]
4 years ago
15

In 2015, an inventor dreamed up and constructed a certain new kind of widget. He kept his invention a secret. Two years later, a

nother inventor who conceived the same widget filed a patent application in December 2017. The first inventor, learning of the patent application, filed for his own patent in March 2018. Who is entitled to the patent, assuming that the invention was truly novel and not obvious? Why? HINT: Please use the Internet to research US Patent Law in 2015.
Business
1 answer:
tatuchka [14]4 years ago
6 0

Answer:

Please take a look to the explication below.

Explanation:

The inventor who filed the patent application for the widget in December 2017 would receive the patent protection. As the invention is novel and not obvious, the inventors are eligible for patent protection. US had moved from first-to-invent to first-to-file system after the America invents Act in 2011 and hence patents are awarded to the inventor who first files for patent protection.

Before the law, it was awarded to the person who first invented the invention even if they did not file for patent protection. But now it goes to the person who first files the invention and hence the inventor who first invented but filed in March 2018 is not entitled for the patent.

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Answer:

You will earn $52.96 in interest

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6 0
3 years ago
Blossom Company purchases a patent for $158,000 on January 2, 2017. Its estimated useful life is 8 years. (a) Compute amortizati
ohaa [14]

Answer:

a. 19.750 b. 138.250

Explanation:

A. We divide 158.000 by 8 to get the amount per year

158.000/8= 19.750

  • Amortization expense (Db) 19.750
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B. On the balance sheet at the end of the first year, we would subtract those 19.750 to the gross value of the patent and the value of the patent would be

158.000 - 19.750 = 138.250

<u><em>Net carrying amount of the patent:</em></u><em> 138.250</em>

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3 years ago
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Net income ratio .........................
8 0
3 years ago
The truth in lending act is contained in title of I of the:
densk [106]

Answer:

truth of lending act

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6 0
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Answer:

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6 0
4 years ago
Read 2 more answers
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