The US patent system is premised on a fundamental exchange, or as some might say, a grand bargain. In exchange for fully disclosing their invention to the public, the inventor gains the exclusionary right to that invention for a limited period.
We are regularly reminded that acronyms and terms that are used at UNH and more specifically within UNHInnovation (UNHI) and in other technology transfer offices are not everyday phrases. Thus, the need arose for a continued discussion of these terms, as seen in UNHI’s December 10, 2013 blog post. The focus of this posting is to again look at some more general terms that are regularly used and more specifically, why they are used.