Legal Foundations Exercises — Practice Coding

1

An NDA where only one party discloses confidential information is called a ___ NDA

const ndaType = ""; // only one party discloses

2

Information the receiving party already knew before signing the NDA is excluded via the ___ knowledge exclusion

const exclusion = " knowledge"; // you knew it before signing

3

A ___ patent application establishes a priority date for $320 and gives you 12 months to file a full application

const patentType = ""; // $320 filing, 12-month placeholder

4

The 2014 Supreme Court case ___ Corp v. CLS Bank significantly limited software patent eligibility

const caseYear = 2014;

const caseName = " Corp v. CLS Bank";

5

Under the ___ for ___ doctrine, code written by employees within the scope of their job is automatically owned by the employer

const doctrine = " for "; // employer owns employee-created work

6

The standard founder vesting cliff period is ___ year(s), after which 25% of equity vests at once

const cliffMonths = * 12; // months until first vesting

7

A Right of ___ Refusal requires a departing member to offer their interest to existing members before selling to an outsider

const provision = "Right of Refusal"; // ROFR acronym

8

A permanent, irrevocable transfer of IP ownership is called an IP ___

const transferType = "IP "; // not a license — full transfer

9

The internal governing document of an LLC is called an ___ Agreement

const llcDocument = " Agreement"; // not Articles of Organization

10

___ trigger acceleration vests equity when BOTH an acquisition AND termination without cause occur

const accelerationType = ""; // requires two events