A new law gives ownership of patents documents providing : GMAT Critical Reasoning (CR)
Check GMAT Club Decision Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack

 It is currently 18 Jan 2017, 12:35

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# A new law gives ownership of patents documents providing

Author Message
TAGS:

### Hide Tags

SVP
Joined: 16 Jul 2009
Posts: 1628
Schools: CBS
WE 1: 4 years (Consulting)
Followers: 42

Kudos [?]: 1056 [1] , given: 2

A new law gives ownership of patents documents providing [#permalink]

### Show Tags

03 Jun 2010, 06:12
1
KUDOS
6
This post was
BOOKMARKED
00:00

Difficulty:

15% (low)

Question Stats:

78% (02:27) correct 22% (01:57) wrong based on 597 sessions

### HideShow timer Statistics

A new law gives ownership of patents—documents providing exclusive right to make and sell an invention—to universities, not the government, when those patents result from government-sponsored university research. Administrators at Logos University plan to sell any patents they acquire to corporations in order to fund programs to improve undergraduate teaching.

Which of the following, if true, would cast most doubt on the viability of the college administrators’ plan described above?

(A) Profit-making corporations interested in developing products based on patents held by universities are likely to try to serve as exclusive sponsors of ongoing university research projects.
(B) Corporate sponsors of research in university facilities are entitled to tax credits under new federal tax-code guidelines.
(C) Research scientists at Logos University have few or no teaching responsibilities and participate little if at all in the undergraduate programs in their field.
(D) Government-sponsored research conducted at Logos University for the most part duplicates research already completed by several profit-making corporations.
(E) Logos University is unlikely to attract corporate sponsorship of its scientific research.
[Reveal] Spoiler: OA

_________________

The sky is the limit
800 is the limit

GMAT Club Premium Membership - big benefits and savings

If you have any questions
New!
SVP
Joined: 17 Feb 2010
Posts: 1558
Followers: 19

Kudos [?]: 575 [2] , given: 6

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

05 Jun 2010, 10:07
2
KUDOS
1
This post was
BOOKMARKED
D it is.

Administrators at Logos university are planning to make profits by selling their patents to corporations.

Which option will hurt their plan?

Government-sponsored research conducted at Logos University duplicates research already completed by several profit-making corporations.

If the research is already completed by corporations than why would corporations buy the patents of same research from Logos university and this in effect tends to hurt the administrators plan.
Intern
Joined: 17 Nov 2009
Posts: 46
Followers: 1

Kudos [?]: 7 [1] , given: 2

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

23 Jun 2010, 08:57
1
KUDOS
D
Intern
Joined: 24 Jul 2010
Posts: 1
Followers: 0

Kudos [?]: 1 [1] , given: 0

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

24 Jul 2010, 10:06
1
KUDOS
Whenever I looked at this problem I thought along the lines of, what would make the university not able to allocate funds towards undergraduate programs by not selling their patents.

I eliminated answer D last because it said that a lot of the research they perform is just a duplicate of work performed and completed by for-profit corporations. If it is duplicate research then they would never be awarded a patent which means that this option is irrelevant to the question. All this option states is that most of their research won't result in a patent which is 100% irrelevant (in my mind) to the argument.

I selected A because if the corporations are only willing to allocate their money as a sponsorship and not as outright buying the patents for cash, then the school would not be able to allocate money to their undergraduate program. All you would have is the government and corporations sponsoring additional research but that would not translate in to more money for undergraduate studies.
Manager
Joined: 09 Jul 2010
Posts: 150
Followers: 1

Kudos [?]: 26 [1] , given: 3

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

27 Jul 2010, 22:16
1
KUDOS
dav373 wrote:
Whenever I looked at this problem I thought along the lines of, what would make the university not able to allocate funds towards undergraduate programs by not selling their patents.

I eliminated answer D last because it said that a lot of the research they perform is just a duplicate of work performed and completed by for-profit corporations. If it is duplicate research then they would never be awarded a patent which means that this option is irrelevant to the question. All this option states is that most of their research won't result in a patent which is 100% irrelevant (in my mind) to the argument.

I selected A because if the corporations are only willing to allocate their money as a sponsorship and not as outright buying the patents for cash, then the school would not be able to allocate money to their undergraduate program. All you would have is the government and corporations sponsoring additional research but that would not translate in to more money for undergraduate studies.

defintly D it is
_________________

consider cudos if you like my post

Manager
Joined: 01 Jul 2010
Posts: 52
Schools: LBS, Harvard, Booth, Stanford, ISB, NTU
WE 1: S/W Engineer
Followers: 0

Kudos [?]: 45 [1] , given: 15

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

06 Aug 2010, 09:24
1
KUDOS
I've seen this one before. OA is D. I remember it only too well! I got this one wrong.
nusmavrik got the right explanation. +1 to you!
e-GMAT Representative
Joined: 02 Nov 2011
Posts: 1996
Followers: 2080

Kudos [?]: 7146 [1] , given: 267

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

01 Apr 2014, 22:16
1
KUDOS
Expert's post
dipsy001 wrote:
Hey Chiranjeev,

Thanks for explaining this at length, however I'm still not clear

I realize after you pointed out, that my query w.r.t. to point D is not same as dav373. Sorry for adding the confusion.

When I read the question, I consider it a given that universities own the patent. The argument clearly states it.

Hi Dipsy001,

Where does the argument say that (clearly)? Also, option D is specifically about Logos university. So, do you mean that the argument clearly states that Logos university has patents? I think the argument first talks about universities in general and then specifically about the plan of Logos university.

dipsy001 wrote:
Now even if corporations have completed similar research (before or after universities doesn't matter), they wont be able to use their own research, since the universities own the patent for the research. Corporations will have to buy patents from universities before they can use the technology/research.

Option D
(D) Government-sponsored research conducted at Logos University for the most part duplicates research already completed by several profit-making corporations.

If govt sponsored research duplicates research completed by several profit-making corporations, there are only 2 possibilities ->1) corps file the patent first and get it 2) universities file the patent first and they own it. Since, we are not talking about corps filed patents, we can ignore those. For the patents that universities own, even if corps have done duplicate research, they will have to buy the patent from universities.

This part is relevant only if we know that Logos university has patents. So, I am waiting for your revert on my above question.

dipsy001 wrote:
Now option A

(A) Profit-making corporations interested in developing products based on patents held by universities are likely to try to serve as exclusive sponsors of ongoing university research projects.

The statement as it stands says that companies would want to be exclusive sponsors of research projects. If we say that universities may make it a condition for anyone becoming an exclusive sponsor to also fund undergraduate teaching. Wouldn't that be an additional assumption, which the choice doesn't state?

Yes, that would be an additional assumption, which you don't need to make. I just gave it as an example. My main reason for rejection was something else: doing one thing does not exclude you from doing the other thing. Would you like to read my explanation again for option A?

dipsy001 wrote:
On the other hand, an assumption such as 'corps would want to be exclusive sponsors of research projects only if they can use the research later without buying the patents' seems more likely. Corps wont want to fund the projects for free.

Now, this assumption is more likely than the previous one. I agree. But it does not mean that we can make this assumption. What if exclusive sponsorship just gives the corporation a right of first refusal to the patent? In such a case, they will in any case need to buy the patent but they will have the first right to buy it. Also, even if the exclusive sponsor does not need to buy this patent, there might be other corporations who will be interested in buying this patent.

dipsy001 wrote:
This leaves the universities without a sponsor for their undergraduate teaching programs.

Cannot say this based on above explanation.

Thanks,
Chiranjeev
_________________

| '4 out of Top 5' Instructors on gmatclub | 70 point improvement guarantee | www.e-gmat.com

Intern
Joined: 02 Jun 2010
Posts: 2
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

03 Jun 2010, 08:30
D
Senior Manager
Joined: 19 Nov 2009
Posts: 326
Followers: 5

Kudos [?]: 89 [0], given: 44

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

03 Jun 2010, 18:46
D
_________________

"Success is going from failure to failure without a loss of enthusiam." - Winston Churchill

As vs Like - Check this link : http://www.grammar-quizzes.com/like-as.html.

Senior Manager
Joined: 18 Aug 2009
Posts: 435
Schools: UT at Austin, Indiana State University, UC at Berkeley
WE 1: 5.5
WE 2: 5.5
WE 3: 6.0
Followers: 8

Kudos [?]: 121 [0], given: 16

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

05 Jun 2010, 20:44
D
_________________

Never give up,,,

Senior Manager
Joined: 25 May 2010
Posts: 321
Location: United States
Concentration: Strategy, Finance
Schools: CBS '14 (A)
GMAT 1: 590 Q47 V25
GMAT 2: 560 Q47 V20
GMAT 3: 600 Q47 V25
GMAT 4: 680 Q49 V34
Followers: 6

Kudos [?]: 57 [0], given: 32

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

15 Jun 2010, 11:39
Can we think in terms of option C?
Plan is saying, sell patents for $$to improve ---> undergrad education. Option C says research scientists have no or limited role in teaching... means admins are selling it for something else but not for improving teaching. I know this is not mentioned in argument but in weaken questions, we can have information not mentioned in the argument directly but weakens conclusion. Any thoughts?? Director Status: Impossible is not a fact. It's an opinion. It's a dare. Impossible is nothing. Affiliations: University of Chicago Booth School of Business Joined: 26 Nov 2009 Posts: 997 Location: Singapore Followers: 22 Kudos [?]: 747 [0], given: 36 Re: A new law gives ownership of patents documents providing [#permalink] ### Show Tags 15 Jun 2010, 19:16 200% D _________________ Please press kudos if you like my post. Director Status: Impossible is not a fact. It's an opinion. It's a dare. Impossible is nothing. Affiliations: University of Chicago Booth School of Business Joined: 26 Nov 2009 Posts: 997 Location: Singapore Followers: 22 Kudos [?]: 747 [0], given: 36 Re: A new law gives ownership of patents documents providing [#permalink] ### Show Tags 15 Jun 2010, 20:23 rg1 wrote: Can we think in terms of option C? Plan is saying, sell patents for$$ to improve ---> undergrad education.

Option C says research scientists have no or limited role in teaching... means admins are selling it for something else but not for improving teaching. >>> Don't think it impacts "ownership". Who owns will sell. D has a direct impact on ownership of the research. And copying a patent is illegal by any means.

Hence C is OUT.

I know this is not mentioned in argument but in weaken questions, we can have information not mentioned in the argument directly but weakens conclusion.

Any thoughts??

_________________

Please press kudos if you like my post.

Intern
Joined: 16 Nov 2009
Posts: 17
Followers: 0

Kudos [?]: 1 [0], given: 0

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

16 Jun 2010, 00:06
There is one more thing here. If the research programs are duplications of the ones conducted by the private corporations, there is a very little chance that they in fact can register any patents. So the plan to sell those to fund the undergraduate teaching might not be viable.

Please correct me if I'm wrong
Senior Manager
Joined: 25 May 2010
Posts: 321
Location: United States
Concentration: Strategy, Finance
Schools: CBS '14 (A)
GMAT 1: 590 Q47 V25
GMAT 2: 560 Q47 V20
GMAT 3: 600 Q47 V25
GMAT 4: 680 Q49 V34
Followers: 6

Kudos [?]: 57 [0], given: 32

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

16 Jun 2010, 05:11
@vijayvenky I was thinking on similar lines...attack selling for  making 'act' or improve education... I attacked motive, improving education.
Manager
Joined: 08 Jan 2010
Posts: 194
Followers: 1

Kudos [?]: 3 [0], given: 13

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

27 Jul 2010, 22:15
I Chose A over D ................

what was explained above was perfect its very very close ............D ...what if other few corporations want to use these patents ?

Last edited by vudsri000 on 28 Jul 2010, 07:49, edited 2 times in total.
Manager
Joined: 08 Jan 2010
Posts: 194
Followers: 1

Kudos [?]: 3 [0], given: 13

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

28 Jul 2010, 07:51
Too much of confusion whats the OA ........
Senior Manager
Joined: 23 May 2010
Posts: 441
Followers: 5

Kudos [?]: 103 [0], given: 112

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

28 Jul 2010, 07:58
d my take
Intern
Joined: 23 Jul 2010
Posts: 12
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

31 Jul 2010, 02:28
I choose D
Senior Manager
Joined: 14 Jun 2010
Posts: 333
Followers: 2

Kudos [?]: 24 [0], given: 7

Re: A new law gives ownership of patents documents providing [#permalink]

### Show Tags

06 Aug 2010, 20:08
D D D!
Re: A new law gives ownership of patents documents providing   [#permalink] 06 Aug 2010, 20:08

Go to page    1   2   3    Next  [ 42 posts ]

Similar topics Replies Last post
Similar
Topics:
A new law gives ownership of patents documents providing 1 15 Feb 2013, 03:00
1 A new law gives ownership of patents-documents providing 11 12 Oct 2012, 08:32
6 A new law gives ownership of patents-documents providing 11 19 Jul 2012, 10:02
Intellectual property laws protect patent holders from 12 09 Jul 2010, 11:06
3 Stronger patent laws are needed to protect inventions from 10 14 Jan 2010, 09:13
Display posts from previous: Sort by