Identify the three characteristics that an invention must have to be eligible for a patent in the United States.

educational Objective 4
Describe the features of patents and risk control measures for patent loss exposures.

Review Questions
4-1. Identify the three types of patents.

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4-2. Identify the three characteristics that an invention must have to be eligible for a patent in the United States.

4-3. Explain the role of monitoring firms in the patent application process.

4-4. Identify the risk control measures that can be used for patent loss exposures.

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