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Simple English definitions for legal terms

post-expiration-sales theory

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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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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
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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