When a Patent Is Transferred,the Most Common Forms of Payment

question 103

True/False

When a patent is transferred,the most common forms of payment received by the transferor are a lump sum or periodic payment.

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Definitions:

Estoppel

That state of affairs that arises when one is forbidden by law from alleging or denying a fact because of his previous action or inaction.

Legal Defense

Arguments and evidence presented by the defendant in a legal proceeding to justify or excuse their actions and oppose the plaintiff's or prosecutor's case.

Consideration

The benefit, interest, or value that induces a party to enter into a contract; essential for a contract to be legally binding.

Legal Value

The recognized worth or significance of something within a legal context, often relating to the enforceability of a contract or transaction.