Cross-licensing at Legal Glossary
What is it? Businesses sharing of patent rights through licensing agreements so that they can use each others inventions.Law Definition Added By: Lillian
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Other Similar Legal Terms:
Law Terms assignment is A transfer of property rights from one person to another, called the assignee.Law Terms anticipation is In patent law, a situation in which an invention is anticipated by being too similar to an earlier invention to be considered novel. Because novelty is a requirement for a patent, anticipated inventions are not patentable. Anticipation can occur when a prior invention or printed publication matches all of the primary characteristics of the invention, or it can happen when the invention is displayed or offered for sale more than a year prior to filing a patent application. For example, a bird owner invents a device to keep her bird from picking at its tail feathers. She applies for a patent, but her application is rejected on the ground that the same device was in use 3500 years ago in Egypt. In patent-speak, the inventors creation has been anticipated by previous developments (the prior art.)
Law Terms provocation is The act of inciting another person to do a particular thing. In a fault divorce, provocation may constitute a defense to the divorce, preventing it from going through. For example, if a wife suing for divorce claims that her husband abandoned her, the husband might defend the suit on the grounds that she provoked the abandonment by driving him out of the house.
Law Terms sponsor is See petitioner (immigration).
Law Terms poison pill is A strategy for avoiding a hostile takeover. A company offers low-price stock to its current shareholders in order to make it more expensive for another company to buy them out.