Search results
Results From The WOW.Com Content Network
v. t. e. Shop right, in United States patent law, is an implied license under which a firm may use a patented invention, invented by an employee who was working within the scope of their employment, using the firms' equipment, or inventing at the firms' expense. Even if the employee never assigned rights to the firm, a court of law may find ...
This is a list of legal terms relating to patents and patent law.A patent is not a right to practice or use the invention claimed therein, but a territorial right to exclude others from commercially exploiting the invention, granted to an inventor or their successor in rights in exchange to a public disclosure of the invention.
Patentleft is the practice of licensing patents (especially biological patents) for royalty -free use, on the condition that adopters license related improvements they develop under the same terms. Copyleft-style licensors seek "continuous growth of a universally accessible technology commons" from which they, and others, will benefit. [1] [2 ...
Reasonable and non-discriminatory ( RAND) terms, also known as fair, reasonable, and non-discriminatory ( FRAND) terms, denote a voluntary licensing commitment that standards organizations often request from the owner of an intellectual property right (usually a patent) that is, or may become, essential to practice a technical standard. [1]
Implied license. An implied license is an unwritten license which permits a party (the licensee) to do something that would normally require the express permission of another party (the licensor). Implied licenses may arise by operation of law from actions by the licensor which lead the licensee to believe that it has the necessary permission.
Royalty payment. A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and ...
Legislative history. Introduced in the Senate as "America Invents Act" ( S. 23) by Patrick Leahy ( D – VT) on January 25, 2011. Committee consideration by Judiciary Committee. Passed the Senate on March 8, 2011 ( 95–5) Passed the House on June 23, 2011 ( 304-117) with amendment. Senate agreed to House amendment on September 8, 2011 ( 89-9 ...
These are the best deals to shop during Amazon's 4th of July Sale — save up to 90%; AOL. The best Walmart deals under $50 to shop right now; AOL. Wayfair's 4th of July sale: Markdowns up to 70% ...