[amp_mcq option1=”Copyright” option2=”Geographical indications” option3=”Patents” option4=”Trademarks” correct=”option3″]
The correct answer is: C. Patents
A patent is a legal document that gives an inventor the exclusive right to make, use, sell, and offer to sell an invention for a limited period of time, in exchange for the public disclosure of the invention.
Copyrights protect original works of authorship, such as books, music, movies, and software.
Trademarks protect words, phrases, symbols, and designs that identify and distinguish the source of the goods of one party from those of others.
Geographical indications protect the names of places that are known for a particular product or service, such as Champagne or Tequila.
In the case of a company that develops a new technology that improves its main product, the company can use a patent to stop others from copying its invention. This will allow the company to recoup the costs of developing the new technology and to profit from its use.