1 d Explain what He liwi tfonJot ke pedent sys teus are rade
Solution
Answer-1) Patent system is a legal system for protecting the right of inventor .
limitations of patent systems are as follows -
(i) private and non commercial use
(ii) experimental use
(iii) extemporaneous preparation of medicines
(iv) prior use
Answer-2) Brand name- Brand name is a name specific products or company and that basis company products knows .
Trade mark- Trade mark is a registered brand or trade name .It can include any combination of a name, slogan, logo, sounds or colors that identify the company or its products or services.
For example, the Nike Swoosh is a registered trademark.
There are major link between brand name and trade mark and both are basically work as a key factors for company.
Both have strong market values and somewhere in company point of views same .
