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LSDefine

Simple English definitions for legal terms

Patent and Trademark Law Amendments Act

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A quick definition of Patent and Trademark Law Amendments Act:

The Patent and Trademark Law Amendments Act, also known as the Bayh-Dole Act, is a law that allows the U.S. Government to take ownership or require licensing of inventions made by small businesses and nonprofit organizations while participating in federally funded programs. If an entity funded by the government creates an invention during a federally funded program, they must disclose it and can choose to keep the rights to it by filing a patent application. However, the government can still intervene and require the entity to grant licenses in certain situations. This law is found in 35 USCA §§ 200-212 and is also referred to as March-In Rights.

A more thorough explanation:

The Patent and Trademark Law Amendments Act, also known as the Bayh-Dole Act, is a federal law that allows the U.S. Government to take ownership or require licensing of inventions made by small businesses and non-profit organizations while participating in federally funded programs.

For example, if a small business receives funding from the government to develop a new technology, the government may require the business to disclose any inventions made during the project. The business can choose to keep ownership of the invention and file for a patent, but the government still has the right to force the business to grant licenses to others if necessary.

The purpose of the Bayh-Dole Act is to encourage innovation and the commercialization of new technologies by allowing small businesses and non-profit organizations to retain ownership of their inventions and benefit financially from them.

Patent and Trademark Depository Library | Patent and Trademark Office

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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