CLP Ethical Practices in Licensing 5

Question 1

A licensee requests a meeting to discuss technical assistance, and the licensing professional realizes the licensee is attempting to reverse-engineer the licensed software beyond the agreed scope. The ethical response is to:

Accepted Answer

Decline to assist and document the potential contractual breach

Answer

Declining assistance and documenting the potential breach protects the licensor's IP rights while creating a proper record for any subsequent enforcement action.

Question 2

The ethical principle of 'competence' in licensing practice means that a CLP professional should:

Accepted Answer

Only advise on matters within their verified expertise, seeking help or disclosing limitations otherwise

Answer

Competence requires professionals to work within areas of genuine expertise and to disclose limitations or refer out when a matter exceeds their knowledge.

Question 3

Which action by a licensing professional would MOST likely constitute an ethical violation related to misrepresentation?

Accepted Answer

Claiming a patent is commercially practiced when it is not yet reduced to practice

Answer

Claiming a patent covers commercially practiced technology when it has not been reduced to practice is a material misrepresentation that misleads the licensee about the technology's readiness.

Question 4

In ethical IP management, the duty of loyalty requires that a licensing professional acting as an agent must:

Accepted Answer

Prioritize the principal's interests above the agent's own financial interests

Answer

The duty of loyalty means the agent must subordinate personal interests and act exclusively in the principal's best interest throughout the engagement.

Question 5

A licensing professional is aware that a specific valuation methodology would produce a higher royalty for their employer's benefit, while a more widely accepted methodology would produce a lower, fairer rate. Ethical conduct requires:

Accepted Answer

Applying the most appropriate and widely accepted methodology and disclosing alternatives

Answer

Professional integrity requires using the most defensible methodology and disclosing alternative approaches so the other party can make an informed decision.

(CLP) Certified Licensing Professional Practice Test

(CLP) Certified Licensing Professional Practice Test

CLP Ethical Practices in Licensing 5