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Simple English definitions for legal terms

antishelving clause

Read a random definition: personal statute

A quick definition of antishelving clause:

An antishelving clause is a rule in a contract that says if someone wants to use a patent or trademark, they have to actually use it to make money. They can't just put it on a shelf and forget about it. If they don't use it, they might lose the right to use it anymore.

A more thorough explanation:

An antishelving clause is a provision in a patent-licensing contract that requires the licensee to put the patented article into commercial use within a specified time and to notify the patentee if the licensee decides to stop selling or manufacturing it. This clause is usually included in contracts where payment is based on royalties.

For example, if a company licenses a patent for a new type of phone case, the antishelving clause would require the company to start selling the phone case within a certain timeframe. If the company decides to stop selling the phone case, they must notify the patent owner. If they fail to do so, they risk losing their license or exclusivity.

Antishelving clauses are also used in trademark licenses. For instance, if a company licenses a trademark for a new type of energy drink, the antishelving clause would require the company to start selling the energy drink within a certain timeframe. If the company decides to stop selling the energy drink, they must notify the trademark owner. If they fail to do so, they risk losing their license or exclusivity.

antiquus et novus extentus | antisocial personality disorder

General

General chat about the legal profession.

General >T14 Off Topic

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windyMagician

11:57

it’s not even 2 months rent for me. col here is astronomical esp in the villages

[] starfishies

11:58

thats like a month in a major city lol

triplethread

11:58

i live with two roomies so its cheaper

windyMagician

11:58

gas is like 3.84 rn which makes no sense bc we make it

[] texaslawhopefully

11:58

Wait windy you get a stipend just for living in Alaska

KnowledgeableRitzyWasp

11:58

have you ever seen a wendigo

KnowledgeableRitzyWasp

11:58

how do you deal with the wendigo infestation

windyMagician

11:59

@texaslawhopefully: yep! it’s called the permanent fund dividend

[] texaslawhopefully

12:00

Oh wow that’s very interesting. I’m guessing it’s fundable because so few people live there

windyMagician

12:01

no, it’s a sovereign wealth fund from the incredible amount of oil royalties Alaska has collected over the years

[] texaslawhopefully

12:02

Right, that makes sense, but I assume if more people lived there it wouldn’t be sustainable for dividend payments to go out?

windyMagician

12:02

Alaska’s population used to be bigger and the dividend payment was also bigger. it all depends on the returns of the fund in a given year. It’s enshrined in the state constitution so it would be incredibly difficult to get rid of it even if it was $1

windyMagician

12:03

also, postsecondary education is a qualifying absence so i can still get my dividend even while in law school

[] texaslawhopefully

12:04

Ahh I see. And so it applies to any resident even ones who are out of state at the moment?

windyMagician

12:05

you must maintain ties to the state, come back for at least 72 hours a year, have intent to return to Alaska, and not establish residency in any other state

windyMagician

12:05

and be on a qualifying absence. military and education is okay, being out of the state working is not

babycat

12:05

so if you went to a state school you wouldn’t establish residency there to be in state?

BulbasaurNoLikeCardio

12:06

@KnowledgeableRitzyWasp: if FO taught me anything you mag dump

babycat

12:06

I was wondering about that too bc I would prefer to maintain my current residency

windyMagician

12:08

@babycat: correct. accepting in state tuition in another state is actually a really common and controversial reason that ppl get denied dividends

BulbasaurNoLikeCardio

12:08

Being military I moved ALOT and would establish residency in the states that had no income tax or other tax benefits. I would imagine switching to instate tuition would save significant money

info-man

12:08

i maintained my FL residency but the only advantage is that i get reduced price theme park tickets

[] texaslawhopefully

12:08

I think it depends. For a lot of the top schools, the diff between in state and out of state tuition is just a few grand

babycat

12:11

I have a non-financial interest in maintaining residency but might consider it if it’s a significant amount of money

LyricalLikeDragon

12:12

For a lot of schools I've seen it can be like 10k/year

LyricalLikeDragon

12:12

For me that's p significant

llama

12:12

in the event drumpf does indeed 'drill baby drill' I would wager Windy will get a better dividend years following this one

BulbasaurNoLikeCardio

12:12

$30k in debt with interest is a fat chunk of change

[] texaslawhopefully

12:13

@LyricalLikeDragon: oh yeah, that’s fair. I just meant for schools like UVA, Michigan, etc it’s literally like a 3k difference which considering it’d take a year to establish residency, doesn’t seem worth it

BulbasaurNoLikeCardio

12:15

I honestly feel lucky to have my GI Bill, if I could I would adopt all of you so you can get a monthly stipend while in school too

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