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Simple English definitions for legal terms

grantback

Read a random definition: Minutes

A quick definition of grantback:

Grantback: When someone creates something new, like a special invention or idea, they might get a special right called a patent to protect it. Sometimes, they might let someone else use their invention or idea, but they want to make sure they still own it. So, they make a special rule called a grantback that says if the other person makes any improvements to the invention or idea, they have to give it back to the original owner. It's like sharing, but still keeping what's yours.

A more thorough explanation:

Definition: A grantback is a provision in a license agreement that requires the licensee to give back to the licensor any improvements made to a patent or other proprietary right.

Example: Let's say Company A licenses a patent to Company B. The license agreement includes a grantback provision that requires Company B to assign any improvements made to the patent back to Company A. If Company B develops a new and improved version of the patented technology, they must give the rights to that improvement back to Company A.

Explanation: The grantback provision ensures that the licensor retains control over any improvements made to their patented technology. This can be beneficial for the licensor, as it allows them to continue to develop and improve their technology without having to rely solely on their own resources. For the licensee, the grantback provision may be a disadvantage, as it limits their ability to fully benefit from any improvements they make to the licensed technology.

Granger Cases | grantee–grantor index

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15:24
Holiday messages from law schools should be illegal
jackfrost11770
15:27
the cornell one actually gave me a heart attack no joke
15:28
@KnowledgeableRitzyWasp: Thanks! Will def update you as they come out hahaha
CynicalOops
16:09
No one cares about me the way western new england cares about me
shaquilleoatmeal
17:16
gulc sending me a "Thank you for your continuing patience" almost has me shitting myself like the dude who hiked Acatanengo volcano
18:09
i’m wishing you guys happy holidays in a more sincere and genuine and heartfelt way than any of the law schools and also giving u a little kiss on the cheek
18:10
just btw
shaquilleoatmeal
18:15
😚
1a2b3c4d26z
18:25
Hi everyone
1a2b3c4d26z
18:26
Only a few more hours til work is over then I'm off for the rest of the week
Dkk
18:48
@shaquilleoatmeal: man GULC didn't even send me that lol.
Dkk
18:53
@cheriebomb: thank you. Merry Christmas and happy Hannukka.
Dkk
18:54
Hanukka*
Dkk
18:54
And Happy Ramadan and Kwanza
Dkk
18:55
Aww Ramadan ain't till February. Never mind.
CynicalOops
19:00
Chanukka
shaquilleoatmeal
19:20
@Dkk: when did u apply? seems to be late oct apps who got the email, some interview some who have not
19:58
when u nut but she keep suckin
Dkk
19:59
@shaquilleoatmeal: October 31st!
Dkk
20:00
I probably applied peak middle of the cycle so they just have not gotten to me.
20:04
Well It's 5 PST so I guess we wont hear from any schools until the new year
shaquilleoatmeal
20:11
ah thats exactly when my app when complete and it seemed like right after that they stopped doing interview invited up until last week
shaquilleoatmeal
20:11
went complete *
shaquilleoatmeal
20:12
theyll get to ya bud, feel like this email was their way of tellin me to stop tweakin, mustve seen me on here everyday beginnin for a gulc a lol
20:14
They are probably watching to see how many time you clock the status checker
Dkk
20:29
@shaquilleoatmeal: I got a christmas card from william and mary so I am happy about that.
Dkk
20:29
@shaquilleoatmeal: Indeed, I just hope GULC likes the video I sent them.
shaquilleoatmeal
20:35
lmao yea i check the status checker 1-2x a week, would be more if i didnt know ad coms can see how often you check
20:40
Idk I don't see why it would affect admissions just bc you check a status checker provided to you
shaquilleoatmeal
20:48
dont think it does unless youre hittin a ridiculous amount per hour, then it shows you have an issue. Im sure theres people out there who do since mich has a 30 min max in 1 hour limit, cant imagine that existed before someone exceeded it
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