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LSDefine

Simple English definitions for legal terms

grantback

Read a random definition: summer clerk

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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