CPI Intellectual Property & Patent Strategy 3

Question 1

What is a 'design patent' and what does it protect?

Accepted Answer

It protects the ornamental or aesthetic appearance of an article

Answer

A design patent protects the unique visual characteristics or ornamental design of a functional item, not the function itself.

Question 2

What is a 'cross-licensing' agreement in the context of IP strategy?

Accepted Answer

An arrangement where two parties grant each other rights to use their respective patents

Answer

Cross-licensing allows two companies to grant each other the right to use their respective patents, often resolving disputes and enabling both parties to operate freely.

Question 3

Which doctrine allows a court to find patent infringement even when a product doesn't literally meet every claim element?

Accepted Answer

The doctrine of equivalents

Answer

The doctrine of equivalents allows infringement to be found when a product or process performs substantially the same function in substantially the same way to achieve the same result.

Question 4

What is an 'inter partes review' (IPR) proceeding at the USPTO?

Accepted Answer

A trial proceeding to challenge the validity of an issued patent before the Patent Trial and Appeal Board

Answer

An IPR is a USPTO trial proceeding allowing any person to challenge the validity of an issued patent on prior art grounds before the Patent Trial and Appeal Board (PTAB).

Question 5

In open innovation strategy, what is the primary role of IP?

Accepted Answer

To enable controlled sharing of technologies while capturing value from external ideas

Answer

In open innovation, IP management enables companies to share technologies strategically through licensing while also accessing external innovations, balancing openness with value capture.

(CPI) Certified Professional Innovator Practice Test

(CPI) Certified Professional Innovator Practice Test

CPI Intellectual Property & Patent Strategy 3