Question 3Trademarks have the longest period of protection of IP rights1 pointTrueFalse

Answer

Trademarks are a form of intellectual property that provides a way for businesses to distinguish their goods and services from those of others. While trademarks can last indefinitely as long as they are used in commerce and the registration is maintained through renewals and fees, other forms of intellectual property, such as patents and copyrights, have fixed terms. For example, a utility patent typically lasts for 20 years from the filing date, while the duration of copyright protection varies based on the jurisdiction and the type of work.

In summary, the statement that trademarks have the longest period of protection of IP rights is generally considered True because, unlike patents or copyrights that expire, trademarks can theoretically last forever if they are continually used and maintained.