Simple English definitions for legal terms
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Term: EPC
Definition: EPC stands for European Patent Convention or Engineering, Procurement, and Construction. The European Patent Convention is an agreement between European countries that allows inventors to apply for a patent that is valid in multiple countries. Engineering, Procurement, and Construction refers to a type of contract used in construction projects where one company is responsible for designing, purchasing materials, and building the project.
Definition: EPC is an abbreviation that can stand for two different things:
For example:
The examples illustrate the two different meanings of the term EPC. The first example shows how EPC can refer to an international treaty that governs the granting and protection of patents in Europe. The second example shows how EPC can refer to a type of contract used in the construction industry that covers the entire process of building a project.