1.Patents present a trade-off of sorts. A company that invents a new product must share with the world (by making public record) all the schematics, instructions, and parts required. What does the company get in return?

2. Suppose ABC company is deciding to protect its new snack food recipe with either a patent or a trade secret. What are the pros and cons of each type of protection? Why can't the company obtain both protections?

3. Trademarks, unlike patents, last indefinitely. What would be the problem if a company's trademark expired?

4. Assume a 30-year-old musician creates an original composition.

a. If she protects it with a copyright and lives to be 80, when does the copyright expire?

b. Same example as above, but the musician creates the work on behalf of a record label (corporation). When does the copyright expire?

c. What permitted uses would you have as a customer if you legally purchase the artist's song in digital form?

5. What is the DMCA and what is its function?