Patent terms starting with L

10 terms

  1. Lapse Date The date when a patent is no longer enforceable in a jurisdiction due to a failure to pay renewal (maintenance) fees.
  2. Level of Ordinary Skill The level of skill in the art(s) to which an invention pertains that is used in judging whether a disclosure or claim is enabling. MPEP 2141.03.
  3. License a contract in which the owner of the patent grants another person or company permission to make, use, or sell the patented invention.
  4. licensee The entity which is granted rights to intellectual property by the owner of that property.
  5. licensor The owner of intellectual property which grants rights to another (the licensee) through a license.
  6. life of a patent 20 years from the date of filing.
  7. Limitation Language in a claim that constrains the breath of a claim.
  8. Literal Infringement See Infringed Literally.
  9. long-felt need This means a problem facing a particular technical area that has gone unsolved for a prolonged period.
  10. lost profits This is a measure of damages and is generally keyed to the profits that could have been the patentee's, but were lost to the infringer.