Asked by kenyana jones on Jun 25, 2024
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Scuba Diving.Marcy invented a new type of mask for scuba divers that was not subject to fogging.She agrees to allow Jenny to manufacture and sell the mask.She receives a sum of money for every mask that Jenny sells.Similarly,Marcy entered into an agreement with Frank to allow him to sell the masks,but only if he also purchased non-patented diving suits from Marcy.All parties proceeded to do very well with their sales.Which of the following describes the agreement between Marcy and Frank?
A) It is a legal tying arrangement.
B) It is a legal cross-licensing agreement.
C) It is an illegal tying arrangement.
D) It is an illegal cross-licensing agreement.
E) It is both a legal tying and a legal cross-licensing agreement.
Tying Arrangement
An illegal agreement in which the sale of one product is tied to the sale of another.
Cross-Licensing Agreement
An arrangement where two or more parties grant each other rights to intellectual property, often to use patents without suing for infringement.
Legal Tying
Refers to a potentially prohibited practice where a seller requires the purchase of an unwanted item or service in order to buy the desired item.
- Comprehend the various categories of intellectual property law, such as patents, copyrights, trademarks, and trade secrets.
- Understand the foundational concepts of trade secret protection and the criteria necessary for its preservation.
Verified Answer
Learning Objectives
- Comprehend the various categories of intellectual property law, such as patents, copyrights, trademarks, and trade secrets.
- Understand the foundational concepts of trade secret protection and the criteria necessary for its preservation.
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