Innovation
/ˌɪnəˈveɪʃən/
Definitions
- (n.) The act of introducing new ideas, methods, or products within a legal or business context.
The company’s innovation led to a patent application for a novel technology.
Forms
- innovations
Related terms
See also
Commentary
In legal drafting, clearly define the scope of 'innovation' when referring to proprietary rights or licensing to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.