Sunday, February 7, 2016

Week 5 Reading Reflection

1. The thing that stood out the most for me in the reading was the process for obtaining a patent. The red tape is real in this situation. The total time it takes to get a patent was over 2 years and the actual work that went in to doesn't seem like it should take that long.

2. The more confusing aspect of this chapter was the trademark rules. It seems very complicated. There doesn't seem to be any solid rules that a business is protected behind. Trade Secrets and trademarks seem to have the most room for error and is something I think might hinder a small business if they are trying to get their trademarks protected.

3. Question 1: If a business reorganizes do other potential creditors have access to this information like they would in a bankruptcy situation? Question 2: If your patent is rejected do you have to resubmit from the beginning and pay the fee again?

4. This chapter was very factual and I don't see anything I could debate the author about.

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