Business Law-Chapter 17 Flashcards Preview

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Flashcards in Business Law-Chapter 17 Deck (16)
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1
Q

E-commerce

A

The sale of goods and services by computer over the internet.

2
Q

Internet

A

collection of millions of computers that provide a network of electronic connections between the computers.

3
Q

World Wide Web

A

An electronic connection of millions of computers that support a standard set of rules for the exchange of information.

4
Q

E-mail

A

Electronic written communication between individuals using computers connected to the internet.

5
Q

Domain Name

A

A unique name that identifies an individual’s or company’s website.

6
Q

E-mail and web contracts

A

Contracts that are entered into by e-mail and over the World Wide Web.

7
Q

Uniform Computer Information Transactions Act (UCITA)

A

A model state law that creates contract law for the licensing of information technology rights.

8
Q

License

A

A contract that transfers limited rights in intellectual property and informational rights.

9
Q

Licensor

A

An owner of intellectual property or informational rights who transfers rights in the property or information to the licensee.

10
Q

Licensee

A

A party who is granted limited rights in or access to intellectual property or informational rights owned by a licensor.

11
Q

Exclusive License

A

A license that grants the license exclusive rights to use informational rights for a specified duration.

12
Q

Licensing Agreement

A

A detailed and comprehensive written agreement between a licensor and a licensee that sets forth the express terms of their agreement.

13
Q

Cancellation

A

The termination of a contract by a contracting party upon the material breach of the contract by the other party.

14
Q

Licensor’s Damages

A

Monetary damages that a licensor may recover from a licensee who breaches a contract

15
Q

Licensee’s Damages

A

Monetary damages that a licensee may recover from a licensor who breach a contract.

16
Q

Cover

A

A licensee’s right to engage in a commercially reasonable substitute transaction after the licensor has breached the contract.