L Glossary of patent law terms

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1 l

1.1 large entity
1.2 letters patent
1.3 license





l

large entity

in united states patent law, 1 of available applicant s status, along small entity status , micro entity status.


letters patent

an old term patent, used in reference bound formal copy of patent provided uspto inventor upon patent s issue.


license

a contract wherein party (the licensor ) grants party (the licensee ) authorization use invention subject patent, in exchange of financial compensation, royalties.







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