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Simple English definitions for legal terms

price-erosion theory

Read a random definition: heredipeta

A quick definition of price-erosion theory:

Price-erosion theory: A way to measure how much money a company loses when someone else copies their invention. It looks at how much the company could have sold their invention for if it was protected by a patent, and compares it to how much they actually sold it for when they had to compete with the copycat.

A more thorough explanation:

Price-erosion theory is a concept used in patent law to determine the amount of lost profits due to patent infringement. It calculates the difference between the price an item could have sold for with patent protection and the price it actually sold for while competing against an infringing item.

For example, let's say a company holds a patent for a new type of phone case that they sell for $50. However, another company starts selling a similar phone case for only $20, which causes the original company's sales to decrease. Using price-erosion theory, the original company can calculate the amount of lost profits by subtracting the $20 price of the infringing item from their own $50 price.

Another example could be a pharmaceutical company that holds a patent for a new drug. If a generic version of the drug is released before the patent expires, the pharmaceutical company can use price-erosion theory to calculate the amount of lost profits due to the lower price of the generic version.

price-earnings ratio | price expectancy

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14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
14:08
lily i broke a rubber band already
14:08
le sigh
lilypadfrog
14:08
damn you get vicious with it. just pinch yourself or something
lilypadfrog
14:09
don’t break your finger
14:13
its a bum-ass law school but LSD really needs to update UCLawSF's name
14:13
whose manager can I call about that
lilypadfrog
14:14
I think the people in charge don’t come on here anymore but you can email them if you really care like that
14:14
yeah true that. Although I prefer Hastings just because it is easy to differentiate from U of SF
renard99
14:14
There's a lot on this site that doesn't work and for maybe $5k I'd be more than willing to fix it
14:14
send bid proposal Renard
renard99
14:14
But as Lilypad said it's probably just maintained atp, no major updates
14:15
fwiw all the UCLSF students I know still basically say hastings. even the huge crest in the foyer still says hastings
renard99
14:15
@llama: Man I'd be more than happy to
14:15
LSD is in decay age of social network
renard99
14:15
^LMAO yeah
renard99
14:15
Basically accepted atp that I'm gonna have to R&R so might as well take up some jobs while I'm at it
14:15
sad. imagine being here in 2005/2010 when it was 100 operational. woe is me
@llama: back when 160s meant t14
14:16
born too late to experience full LSD born too soon to explore the galaxy
14:16
^ gets it
lilypadfrog
14:16
https://www.lsd.law/users/creep/cryptanon this is one of the guys who made the website
14:16
@lilypadfrog: wow more recent than i would have wagered
14:17
how is it so that I creep a rando and their app year is 2005-2005?
14:17
2005-2006* for example
renard99
14:18
^ find that rando in your circle and ask them where they've stored all their cycle letters
ReminiscentZestyFish
14:18
Vandy??
renard99
14:18
Possibly in a dark corner of the attic in a box
VANDY
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