Patent Expiration
/ˈpætənt ˌɛkspəˈreɪʃən/
Definitions
- (n.) The termination of the legal protection period granted to a patent, after which the invention enters the public domain.
After patent expiration, competitors were free to produce generic versions of the drug.
Forms
- patent expiration
- patent expirations
Related terms
See also
Commentary
Patent expiration marks the end of exclusive rights, often prompting entry of competitors; drafting should clearly specify the expiration date and applicable jurisdiction.
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.