1. Only technology companies have to worry about intellectual property.
  True
  False
 
  Comments:
 
 
 
2. By registering and paying for a website domain I have the legal right to use my name any way that I want to promote my business.
  True
  False
 
  Comments:
 
 
 
3. By registering the name of my business with the State of Texas, I have protected my legal rights.
  True
  False
 
  Comments:
 
 
 
4. By registering the name of my business with the State of Texas, I have protected my legal rights.
  True
  False
 
  Comments:
 
 
 
5. The best way to protect software is to hide the code or treat it as a trade secret.
  True
  False
 
  Comments:
 
 
 
6. I need a patent before I start selling or talking about my idea, even though I mailed the concept to myself in a self-addressed and sealed envelope.
  True
  False
 
  Comments:
 
 
 
7. I can use patents to create competitive advantages and barriers-to-entry that my rivals must overcome.
  True
  False
 
  Comments:
 
 
 
8. Having secure IP can help me increase the price of my business when I am ready to sell or add a partner.
  True
  False
 
  Comments:
 
 
 
On the fun side of things
9. Which of these is the most likely succession plan for your company?
  Sell to a competitor and retire on the beach.
  Hire a family member and retire to the countryside.
  What is retirement?


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Fundamental Value


“The Congress shall have Power 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."
Thomas Jefferson