| A | B |
|---|
| Intellectual property whose protection has expired; it belongs to the community at large and people can use any aspect of the property free of charge | public domain |
| The status of an invention between the time a patent application has been filed and when it is issued or rejected | patent pending |
| A legal device that protects original works of authors | copyright |
| A word, symbol, design, or color that a business uses to identify itself or something it sells | trademark |
| The group of laws that regulates the ownership and use of creative works | intellectual property laws |
| A document that grants to an inventor the right to exclude others from making, using, or selling an invention or other intellectual property during the term of the patent | patent |
| A word, symbol, design, or color that describes a service business is called | service mark |
| A legal document giving official permission to run a business | permit |
| A certificate that shows you have the necessary education and training to do a job | license |
| A binding legal agreement between tow or m ore persons or parties | contract |
| What is exchanged for the promise to do something or refrain from doing something and causes a contract to be binding | consideration |
| A borrower's ability to repay a debt as judged by lenders; the lefal ability to enter into a binding agreement | capacity |
| The government agency charged with protecting the rights of employees | Equal Employment Opportunity Commission (EEOC) |
| The right of an employee to sue his or her employer for damages if he or she is let go for an unacceptable reason | wrongful termination |
| The charging of different prices for the same product or service in different markets or to different customers | price discrimination |
| A group of laws that regulates commercial business transactions | Uniform Commercial Code (UCC) |
| A guarantee about the quality of goods or services purchased that is not written down or explicitly spoken | warranty of merchantability |
| An illegal way of selling that involves advertising a product at a very low price in order to attract customers who are then persuaded to change to a more expensive product | bait-and-switch advertising |
| A Social Security payroll tax, figured as a percentage of an employee's income; an employer is required to contribute an amount equal to the amount deducted from each employee's paycheck | FICA (Federal Insurance Contributions Act) |
