by Lea Strickland | Jul 31, 2010 | Glossary
Type of intellectual property such as formulary, know how, process, system, or confidential information that gives its owner a competitive advantage and unauthorized disclosure of which will harm the owner. Courts generally grant injunctions to prevent a threatened...
by Lea Strickland | Jul 31, 2010 | Glossary
Limited legal monopoly granted to an individual or firm to make, use, and sell its invention, and to exclude others from doing so. An invention is patentable if it is novel, useful, and non-obvious. To receive a patent, a patent application must disclose all details...
by Lea Strickland | Jul 30, 2010 | Glossary
A document that expresses mutual agreement on an issue between two or more parties. MOUs are generally recognized as binding, even if no legal claim could be based on the rights and obligations laid down in them. To be legally operative, a MOU must (1) identify the...
by Lea Strickland | Jul 30, 2010 | Glossary
Under United States patent law, a provisional application for patent is a type of national application for patent filed in the United States Patent and Trademark Office (USPTO), but which does not mature into an issued patent unless further steps are taken by the...
by Lea Strickland | Jul 30, 2010 | Glossary
Legal agreement under which a prospective buyer, investor, or lender undertakes to keep all oral or documented-information (provided by the seller, promoter or borrower) as strictly confidential, and to return the confidential documents upon request.
