16:41
this is for next cycle
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LSDefine
Simple English definitions for legal terms
patent-holder
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A quick definition of patent-holder:
A patent-holder is someone who either has been granted a patent or has succeeded in title to a patent. This means they own the exclusive rights to make, use, and sell their invention for a certain period of time. Even if the patent was originally granted to someone else, if the patent has been transferred to the current owner, they are still considered the patentee or patent-holder.
A more thorough explanation:
A patent-holder is someone who either has been granted a patent or has succeeded in title to a patent. They are also known as a patentee. The term "patentee" includes all title-holders under the Patent Act.
For example, if John invents a new type of phone and applies for a patent, he becomes the patent-holder or patentee once the patent is granted. If John sells the patent to a company, the company becomes the new patent-holder or patentee.
Another example is if Sarah inherits a patent from her grandfather who was the original patentee. Sarah becomes the new patent-holder or patentee.
These examples illustrate that a patent-holder can be the original grantee or someone who has succeeded in title to the patent through inheritance or purchase.