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W12 - Questions

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40 views4 pages

W12 - Questions

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22070013
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Week 12

1. Which of the following decribes a licensing contract?


a) Transfer of ownership rights.
b) Permission to use industrial property rights under a written contract.
c) Transfer of all industrial property rights to another party.
d) A verbal agreement to share usage rights.

2. What happens if a licensing contract is not registered with the competent


authority?
a) It becomes invalid entirely.
b) It is valid between the parties but not against third parties.
c) It cannot be enforced in any circumstance.
d) None of the above

3. For well-known trademarks, protection is limited to:


a) The global market.
b) The region of origin only.
c) The country/region where the trademark is widely recognized.
d) No specific geographical area.

4. Under what condition is the use of a trademark similar to a protected


geographical indication (GI) allowed?
a) If the trademark was registered in good faith before the GI application date.
b) If the trademark was registered in good faith after the GI application date.
c) If the trademark was registered with bad faith before the GI application date.
d) If the trademark was registered more than 6 months before the GI application
date.
5. Can co-owners of industrial property rights assign the object
independently?
a) Yes, without restriction.
b) No, unless approved by a government authority.
c) Yes, if the co-owner owns more than 50% of the object.
d) No, only with the consent of all co-owners.

6. Which of the following cannot be assigned under an assignment contract?


a) Trade secrets.
b) Patents.
c) Geographical indications.
d) Trademarks.

7. When does an assignment contract for patents, trademarks, or industrial


designs take effect?
a) Upon signing the agreement between the parties.
b) Upon payment of the assignment price.
c) Upon registration with the competent authority.
d) Upon publication in an official gazette.

8. Explain the content of an industrial property right assignment contract

9. Explain advantages of transferring industrial property rights through


licensing
### 8. Content of an Industrial Property Right Assignment Contract
An industrial property right assignment contract in Vietnam must include the
following principal contents:

1. **Details of the Parties:**


- Full names and addresses of both the assignor and the assignee.
2. **Grounds for the Assignment:**
- The basis or rationale behind the transfer of rights.

3. **Assignment Price:**
- The agreed-upon monetary value or compensation for the rights being
transferred.

4. **Rights and Obligations:**


- Specific duties and entitlements of both the assignor and assignee.

---

### 9. Advantages of Transferring Industrial Property Rights Through Licensing


Licensing industrial property rights provides several benefits:

1. **Income Generation:**
- The licensor can earn a steady income through licensing fees without losing
ownership.

2. **Market Expansion:**
- Licensing allows the licensor to enter new markets by collaborating with
local licensees, reducing direct risks and costs.

3. **Reduced Operational Burden:**


- The licensor can focus on innovation while the licensee handles production,
marketing, and distribution.

4. **Increased Utilization:**
- Licensing ensures that the protected intellectual property is utilized,
preventing stagnation and maximizing its potential economic value.

If further clarification or translations are needed, feel free to ask!

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