Tag: major

A patent is a government granted right that allows the inventor to exclude anyone else from making, using or selling the invention in the country that issued the patent.The government grants this right to help encourage inventors to spend the time, money and effort to invent new products, technologies and such.In america, the term of a new patent is 20 years from the date on which the application for the patent was filed or, in special cases, from the date an earlier related application was filed, subject to the payment of maintenance fees...

A contract is an enforceable agreement between two or more parties.The contract comprises the claims made by the parties to one another, which is known as"consideration." These promises define the connection being undertaken and what happens if the company relationship does not work out.If one party fails to behave in accordance with their promises, then they have"breached" the contract and could be found liable for damages...