Question

Wesley lives in a country with little protection under the law for conducting business or bringing his ideas about a revolutionary new car tire to the market with patent production. Because of the economic conditions what will Wesley most likely do?
A) Develop his tire and bring it to market with ease and minimal cost.
B) Find a country where he can develop his tire idea and have it protected under strong patent laws.
C) Keep his ideas in a notebook and sell them to the highest bidder.

Answer 1

Answer:

B

Explanation:

Patents are a right granted to an inventor to exclusively sell a product for a specific period of time usually for 20 years. During this period, others are prevented from making, using, or selling the invention.

Types of patents include:

1. utility patents

2. design patents

3. plant patent

Because Wesley's country does not have a strong patent law, the best option for Wesley is to move to a country with strong patent laws so his invention can be protected.