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LSDefine

Simple English definitions for legal terms

grantback

Read a random definition: utlesse

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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11:22
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m10
11:23
i spelled her fucking name wrong lmfao, Kaley. Lmfao.
BulbasaurNoLikeCardio
11:24
It was years ago but it was a lower card fight, dude didn't speak good english and they tried asking him his plan, he was like "punch him" they tried to get more info pushing it again and he said "punch him hard" and pointed at his forehead.... I don't remember the results of the fight but dude had a solid plan.
babycat
11:24
@BulbasaurNoLikeCardio: no booboo I’m just trying to increase flexibility a little. I feel like if u develop too much muscle on ur legs and don’t stretch they get tight
JumpySubsequentDolphin
11:26
my hips are so tight its acc miserable
BulbasaurNoLikeCardio
11:26
@babycat: got to keep those legs flexible so you don't pull anything, I need to get back into yoga to release and stretch out tension in my muscles. Stretching is where I fail the most with fitness
11:26
This song came out today and I think I legit have listened to it like 50
11:26
Times already
1a2b3c4d26z
11:26
Need to stretch more
1a2b3c4d26z
11:27
Run this morning felt like legs were made of goop
glovediedthisishismom
11:27
a secret home remedy for chapped lips is to lick them. your saliva will moisten the lips and relieve the chapping
1a2b3c4d26z
11:27
Sometimes I think I write like rorschach from watchmen
11:28
@glovediedthisishismom: just bite your lip,. gives good brain feel when peelin the dry skin
babycat
11:28
yeah it’s insane how much better hip flexor stretches can make you feel sometimes
11:28
Probably the most important long term mobility thing you can do
1a2b3c4d26z
11:28
Pigeon stretch GOAT
1a2b3c4d26z
11:29
Stretching was probably the biggest factor in becoming elite in my sport tbh
1a2b3c4d26z
11:29
well mobility in general
m10
11:29
Nah you wanna be wound up tight like a clock. All your parts working in synchronization, never missing a second.
BulbasaurNoLikeCardio
11:30
When I get home I think I will pull up a youtube yoga video and lay out the mat by the fireplace now, feeling guilty I haven't been stretching properly
1a2b3c4d26z
11:30
tighter you are, more potential energy you have. Your body is a spring. It's just physics
m10
11:30
Exactly.
JumpySubsequentDolphin
11:30
yoga classes stress me out
WorthlessAttractiveZombie
11:31
W&L put their scholarship info on the portal for those who were admitted 11/12
m10
11:31
Gotta always be ready to release that energy. Like if I am in a fight at the bar, I just gotta bust out a couple punches. No stretching.
JumpySubsequentDolphin
11:31
the instructor will be like "forget all of the things that youre stressing about" which reminds me of all of the things im stressing about
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