A patent gives the owner the right to prohibit/exclude others from using his/her patented technology. It does not even grant the patent owner the right to practice his/her own technology (called 'freedom of operation') because his/her patent may be dominated by another person's or persons' patent(s) that could exclude him or her from doing so.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Short squeeze

When a lack of supply tends to force prices upward. In particular, when prices of a stock or commodity futures contracts start to move up sharply and many traders with short positions are forced to... Read More

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