Patent Rights definition: Copy, customize, and use instantly
Introduction
The term “Patent Rights” refer to the exclusive legal rights granted to an inventor or assignee for a specific period, typically 20 years, to make, use, sell, or distribute an invention that is new, useful, and non-obvious. These rights are granted by a government and aim to protect innovations and incentivize further research and development. Patent rights can cover inventions, processes, designs, and even certain types of biological materials.
Below are various examples of how "Patent Rights" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Patent Rights" in intellectual property agreements
This definition ties "Patent Rights" to intellectual property agreements.
"Patent Rights" refers to the exclusive rights granted to the patent holder to exclude others from making, using, or selling the patented invention during the term of the patent, under the relevant intellectual property laws.
Definition of "Patent Rights" in licensing agreements
This definition connects "Patent Rights" to licensing agreements.
"Patent Rights" means the exclusive rights granted by a patent to the inventor or assignee, which may be licensed to others for a defined period, allowing them to use, manufacture, or sell the patented invention.
Definition of "Patent Rights" in corporate mergers and acquisitions
This definition applies "Patent Rights" to corporate mergers and acquisitions.
"Patent Rights" refers to the ownership of any patents related to the target company's inventions, which are transferred to the acquiring party as part of the merger or acquisition process.
Definition of "Patent Rights" in research and development agreements
This definition links "Patent Rights" to research and development agreements.
"Patent Rights" refers to the ownership of any patents that arise from collaborative research and development efforts, specifying which party will hold the rights to any inventions created during the collaboration.
Definition of "Patent Rights" in product development contracts
This definition connects "Patent Rights" to product development contracts.
"Patent Rights" means the exclusive rights to any inventions or innovations that result from the development of a new product, ensuring the party holding the patent can protect its interests and market share.
Definition of "Patent Rights" in technology transfer agreements
This definition applies "Patent Rights" to technology transfer agreements.
"Patent Rights" refers to the exclusive rights over a patented technology or process, which may be transferred or assigned to another entity for commercial use or further development.
Definition of "Patent Rights" in joint venture agreements
This definition ties "Patent Rights" to joint venture agreements.
"Patent Rights" refers to the ownership and use of patents that arise from the joint venture, outlining which party holds the rights to inventions developed during the course of the venture.
Definition of "Patent Rights" in government contracts
This definition links "Patent Rights" to government contracts.
"Patent Rights" means the exclusive rights to inventions made under government-funded contracts, including the allocation of rights between the government and the contractor regarding commercialization and use.
Definition of "Patent Rights" in employee agreements
This definition applies "Patent Rights" to employee agreements.
"Patent Rights" refers to the rights granted to an employer or a company for any inventions or patents created by an employee during their employment, often outlining the transfer of ownership from the employee to the employer.
Definition of "Patent Rights" in international agreements
This definition connects "Patent Rights" to international agreements.
"Patent Rights" refers to the exclusive rights granted under international patent treaties and conventions, including the Paris Convention and the Patent Cooperation Treaty, which allow inventors to protect their inventions across multiple jurisdictions.
Definition of "Patent Rights" in commercial agreements
This definition links "Patent Rights" to commercial agreements.
"Patent Rights" means the rights granted to a party in a commercial contract that allow them to use or exploit a patented invention, process, or design in the production, sale, or distribution of goods or services.
Definition of "Patent Rights" in infringement litigation
This definition applies "Patent Rights" to infringement litigation.
"Patent Rights" refers to the legal rights of the patent holder to prevent others from making, using, or selling the patented invention without permission, including the right to file a lawsuit for infringement.
Definition of "Patent Rights" in patent assignments
This definition ties "Patent Rights" to patent assignments.
"Patent Rights" means the rights associated with a specific patent, which may be assigned or transferred to another party, typically through a written agreement, allowing the assignee to benefit from the invention.
Definition of "Patent Rights" in licensing revenue
This definition connects "Patent Rights" to licensing revenue.
"Patent Rights" refers to the exclusive rights held by the patent owner, which can generate revenue through licensing agreements with third parties, providing compensation for the use of the patented invention.
Definition of "Patent Rights" in patent portfolio management
This definition links "Patent Rights" to patent portfolio management.
"Patent Rights" refers to the collective rights held by a company or individual over a portfolio of patents, and the strategic management of these patents to maximize their commercial value.
Definition of "Patent Rights" in product exclusivity
This definition connects "Patent Rights" to product exclusivity.
"Patent Rights" means the exclusive rights granted to the patent holder, providing market exclusivity for a specific period of time, during which competitors cannot make, use, or sell the patented invention.
Definition of "Patent Rights" in market entry strategy
This definition ties "Patent Rights" to market entry strategy.
"Patent Rights" refers to the exclusive rights that can be leveraged as part of a strategy to enter new markets, enabling the patent holder to control the use of the invention and prevent competitors from entering the market with similar products.
Definition of "Patent Rights" in due diligence
This definition connects "Patent Rights" to due diligence.
"Patent Rights" means the rights associated with any patents that are subject to due diligence investigations in corporate transactions, where the value, ownership, and validity of the patents are assessed as part of the process.
Definition of "Patent Rights" in licensing enforcement
This definition applies "Patent Rights" to licensing enforcement.
"Patent Rights" refers to the rights of the patent holder to enforce the terms of a licensing agreement, ensuring that the licensee complies with the specified use and payment terms.
Definition of "Patent Rights" in patent litigation settlements
This definition links "Patent Rights" to patent litigation settlements.
"Patent Rights" means the exclusive rights held by a party in a patent litigation case, which may be the subject of settlement discussions or agreements, often resulting in the payment of damages or royalties.
Definition of "Patent Rights" in royalty agreements
This definition connects "Patent Rights" to royalty agreements.
"Patent Rights" refers to the exclusive rights granted to the patent holder, which may be licensed to others in exchange for royalty payments based on the use, sale, or distribution of the patented invention.
Definition of "Patent Rights" in research collaborations
This definition ties "Patent Rights" to research collaborations.
"Patent Rights" refers to the ownership and use of patents generated through collaborative research projects, outlining the rights and obligations of the parties involved in the collaboration.
Definition of "Patent Rights" in healthcare innovations
This definition links "Patent Rights" to healthcare innovations.
"Patent Rights" means the exclusive rights granted for inventions related to medical devices, pharmaceuticals, or treatments, allowing the holder to protect their innovation and control its use in the healthcare industry.
Definition of "Patent Rights" in brand protection
This definition applies "Patent Rights" to brand protection.
"Patent Rights" refers to the legal protections granted to the owner of a patented invention, design, or process, which helps protect the brand's intellectual property from infringement by competitors.
Definition of "Patent Rights" in non-compete clauses
This definition ties "Patent Rights" to non-compete clauses.
"Patent Rights" means the exclusive rights granted to a party for inventions or innovations developed under a non-compete agreement, ensuring the inventor or company has control over any related patents.
Definition of "Patent Rights" in trade secret agreements
This definition connects "Patent Rights" to trade secret agreements.
"Patent Rights" refers to the rights granted to an inventor or company for their innovations, which may complement or overlap with trade secret protections in agreements that protect confidential information.
Definition of "Patent Rights" in public domain
This definition links "Patent Rights" to the public domain.
"Patent Rights" refers to the rights of the patent holder, which expire after a defined period, allowing the invention to enter the public domain and be freely used by others.
Definition of "Patent Rights" in patent challenges
This definition ties "Patent Rights" to patent challenges.
"Patent Rights" means the exclusive rights held by the patent owner, which may be contested or challenged by third parties seeking to invalidate the patent through legal proceedings or patent office petitions.
Definition of "Patent Rights" in industry standards
This definition applies "Patent Rights" to industry standards.
"Patent Rights" refers to patents that may be incorporated into industry standards, where the patent holder agrees to license the rights under specific terms to promote industry-wide adoption.
Definition of "Patent Rights" in competitive advantage
This definition connects "Patent Rights" to competitive advantage.
"Patent Rights" means the legal rights that provide a competitive advantage to the patent holder, enabling them to maintain market dominance and block competitors from exploiting the patented technology.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.