Patent

Definition:

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.

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

Term of the Day

Own foreign offices

U.S. reporting institutions' parent organizations, branches, and/or majority owned subsidiaries located outside the United States.

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