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Simple English definitions for legal terms
patent-right dealer
Read a random definition: indefensus
A quick definition of patent-right dealer:
Patent-Right Dealer: A person who sells or helps sell the rights to a patent. This means they help someone else own and profit from an invention or idea that has been patented.
A more thorough explanation:
Definition: A patent-right dealer is someone who sells or brokers the sale of patent rights.
Example: John is a patent-right dealer who helps inventors sell their patent rights to companies who want to use their technology. He takes a commission on the sale.
Explanation: A patent-right dealer is like a real estate agent for patents. They help connect inventors with companies who want to use their technology. The dealer takes a commission on the sale, just like a real estate agent takes a commission on the sale of a house.