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Simple English definitions for legal terms

post-expiration-sales theory

Read a random definition: irreparable harm

A quick definition of post-expiration-sales theory:

The post-expiration-sales theory is a way for patent holders to seek compensation for sales lost after their patent has expired. This is based on the idea that a competitor who infringed on the patent had an advantage in entering the market, causing the patent holder to lose sales. It is also known as the accelerated-reentry theory.

A more thorough explanation:

Post-expiration-sales theory is a legal concept used in patent law. It refers to a theory of lost-profits remedy where compensation is sought for sales lost after a patent has expired. This is based on the idea that infringement gave the competitor a head start on entering the market.

For example, let's say a company holds a patent for a new type of phone case. The patent is valid for 20 years. After 20 years, the patent expires, and other companies can start making and selling similar phone cases. However, if a competitor started making and selling the same phone case before the patent expired, the original company could use the post-expiration-sales theory to seek compensation for the sales lost during that time.

Another example could be a pharmaceutical company that holds a patent for a new drug. Once the patent expires, other companies can start making and selling generic versions of the drug. However, if a competitor started making and selling the generic version before the patent expired, the original company could use the post-expiration-sales theory to seek compensation for the sales lost during that time.

In both examples, the post-expiration-sales theory is used to compensate the original patent holder for the sales lost due to the competitor's infringement. It is based on the idea that the competitor gained an unfair advantage by entering the market before the patent expired.

posterity | post facto

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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