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A hypothetical royalty fee used as a measure of damages to compensate for the infringement of a patent. It is the statutory minimum amount of recovery for compensatory damages for patent infringement.
- Browse Related Terms: apportionment of profit, attorneys' fees award, exceptional case, indefiniteness of claim, Indemnity from Suit, Inducement to Infringe, lost profits, prejudgment interest, profits, royalty (reasonable royalty), willful infringement