Intellectual Property Terms
Does not protect ideas, rather it protects the ways ideas are expressed
Copyright
The lifespan of a copyright
Life of the author + 50 years
Cybersquatter
Taxes imposed directly on the person who has to pay it
Direct tax
Under the competition act, these are matters that are serious and threaten competition
Criminal Matters
Word, symbol, or design used to distinguish a person's goods or services from another
Trademark
Lifespan of a trademark
15 years, but can be renewed indefinitely
the unauthorized collection and use of personal information
Identity theft
which Canadian entity administers income tax administration and audits?
CRA
Matters that must be reviewed on a case by case basis to determine if they are anti-competition based
Civilly reviewable matters
Time limited monopoly given to investors, which excludes others from using/selling their invention
Patent
Lifespan of a patent
20 years
fraudulent means of acquiring personal identifiers by pretending to be a trustworthy entity in electronic communication
phishing
Taxes that are levied on one person with the expectation that another party will be paying it
indirect taxes
when a company colludes with other companies to control the price of their products
price maintenance / price fixing
The four requirements for an invention to be patentable
Patentable subject matter, Novel, Non-obvious, and Useful
The three basic categories of marks
Ordinary marks, certification marks, distinguishing guises
The concept that all information sent across the internet should be treated equally
Net neutrality
income is often double-taxed under a corporation, which two things are taxed?
Income of the corporation and dividends declared to shareholders
This occurs when a dominant firm engages in anti-competitive conduct that results in lessening of competition
Abuse of Dominant Position
This is known as the most common type of infringement, and it involves another company having a similar name or mark
Passing off
List at least two legal remedies for patent infringement
Damages, transfer or profits, injunctive relief, delivery of products to patent holder
The three important aspects of a business website
Terms of use, privacy policy, user-generated content
List the types of taxation
Income tax, sales tax, property tax, consumption tax, payroll tax, and capital gains tax
The three basic types of mergers
Vertical merger, horizontal merger, diversification merger