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Simple English definitions for legal terms

post-expiration-sales theory

Read a random definition: property ratione privilegii

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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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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