Examlex
In Bowman v. Monsanto, where Bowman used Monsanto's patented Roundup Ready seeds and, in violation of the contract provided by Monsanto, kept seeds from his crop to use next year so that the seeds had the genetic composition of the Monsanto seeds. The Supreme Court that Monsanto's patent:
Capital Lease
A lease considered to have the economic characteristics of asset ownership for accounting purposes.
Operating Lease
A contract that allows for the use of an asset but does not convey rights of ownership of the asset.
Capital Lease
A lease agreement in which the lessee essentially has the economic benefits and risks of ownership, often leading to the asset being recorded on the lessee's balance sheet.
Temporary Use
The use of an asset or resource for a limited period of time, not intended for long-term or permanent use.
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