Examlex
The purchasing power parity between two currencies is the exchange rate at which a given basket of goods and services would cost the same amount in each country.
Kimble V. Marvel
A United States Supreme Court case that upheld the precedent that patent licensors cannot charge royalties for the use of their patents after their patents' terms have expired.
Licensing Agreement
A legal contract permitting one party to use another's intellectual property, products, or branding under defined conditions.
Patent Expires
The termination of patent protection for an invention, allowing it to enter the public domain for unrestricted use.
Precedents
Legal cases or decisions that have been established in the past and provide an example or rule to guide the determination of similar cases in the future.
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