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    Question

    Which of the following statements is incorrect about

    Intellectual Property?
    A A patent grants the exclusive right to sell an invention worldwide. Correct Answer Incorrect Answer
    B Trade secrets can be protected indefinitely as long as they remain secret. Correct Answer Incorrect Answer
    C A trademark is valid only for 10 years, after which it must be renewed. Correct Answer Incorrect Answer
    D Copyright is automatically granted when a work is created, without the need for registration. Correct Answer Incorrect Answer

    Solution

    • Statement (a) is incorrect because a patent only grants exclusive rights to make, use, or sell an invention within the country where it is granted. It does not provide worldwide protection unless filed in multiple countries.
    • Statement (b) is correct as trade secrets can be protected indefinitely, provided the information remains confidential.
    • Statement (c) is correct; trademarks are valid for 10 years, after which they need to be renewed to maintain protection.
    • Statement (d) is correct: Copyright is granted automatically upon the creation of an original work, though registration provides additional legal advantages.

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