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Simple English definitions for legal terms

post-expiration-sales theory

Read a random definition: ad ostendendum

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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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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