Week 5 Reading Reflection

1. The thing that I was most surprised by in this week's reading was that only two percent of all patents ever actually realize profits because it costs so much to go through the patent process. I was also extremely shocked that the US Patent and Trademark Office gives priority to people who claim to have invented something first, however there is essentially no way to prove that entirely.

2. Something that I found confusing while reading this week was copyright protection in general. I was very confused by what is and isn't covered by the Copyright act and how to differentiate between what is considered an "idea" or not.

3. Two questions that I would ask the author are:

• Do you think that the Revised Uniform Limited Liability Company Act will ever be adopted entirely by all states? I would ask this because, to me, it seems like this is something that is nearly impossible.
• Do you think that the advantages on a sole proprietorship outweigh the disadvantages or vice versa? I would ask this because I was having a difficult time deciding for myself.

4. It was hard to find something in this chapter that I disagreed with because, for the most part, everything in this chapter was simply fact. Something that I did seem slightly troublesome, however, was that the specifications for what legally classifies something as a trade secret seemed extremely vague and the author seemed to address it in a rather matter-of-fact way when it was extremely unclear to me.