BLaw Final

Intellectual Property (IP)

Includes creations such as books, apps, movies, and music.

Lanham Act (1946)

Federal law protecting against misleading trademarks.

Trademark

A distinctive word, symbol, or design identifying a manufacturer’s goods.

Patent

Grants exclusive rights to make, use, and sell an invention.

Copyright Act (1976)

Protects literary and artistic works.

Fair Use Doctrine

Allows limited use of copyrighted material under specific conditions.

Consideration

Something of value exchanged in a contract.

Promissory Estoppel

Legal doctrine enforcing promises without consideration if a clear promise was made and the promisee reasonably relied on it.

Employment at Will

Employers can fire employees for any reason, except under certain exceptions.

Fair Labor Standards Act (FLSA)

Establishes minimum wage and overtime pay regulations.

Title VII of the Civil Rights Act (1964)

Prohibits discrimination in employment based on race, color, national origin, religion, gender, or sexual orientation.

Real Property

Includes land, buildings, and fixtures.

Leasehold Estate

Temporary right to possess property.

Eminent Domain

Government can take private property for public use with compensation.

UCC (Uniform Commercial Code)

Governs commercial transactions.