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LSDefine

Simple English definitions for legal terms

small entity

Read a random definition: Moonlighting

A quick definition of small entity:

A small entity is a person or organization that qualifies for reduced patent fees under U.S. patent law. To be considered a small entity, you must be an individual investor, a small for-profit business with no more than 500 employees, a university, or a non-profit organization. Small entity status allows you to pay lower application, issuance, and maintenance fees.

A more thorough explanation:

Small entity is a term used in U.S. patent law to describe an applicant who qualifies for reduced fees when applying for a patent. To be considered a small entity, the applicant must meet one of the following criteria:

  • An individual investor
  • A small for-profit business concern (company) with no more than 500 employees or affiliates
  • A university
  • A non-profit organization of the type described in section 501(c)(3) of the Internal Revenue Code of 1986 (26 U.S.C. section 501(c)(3))

Small entity status allows the applicant to pay reduced application, issuance, and maintenance fees. This can be a significant cost savings for individuals and small businesses.

For example, if a small business with 200 employees applies for a patent and qualifies as a small entity, they would pay reduced fees compared to a large corporation with thousands of employees.

Another example would be a non-profit organization that qualifies as a small entity. They would be able to save money on patent fees, allowing them to allocate more resources towards their charitable mission.

Small claims court | Small estate

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
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
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