shortened statutory period. Patents. An amount of time less than six months, but not less than 30 days, given in certain circumstances to a patent applicant to respond to an office action. • The period for most responses can be extended up to the statutory period of six months. MPEP 710.02.
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statutory period. 1. A time limit specified in a statute; esp., the period prescribed in the relevant statute of limitations. • This period includes, in addition to a fixed number of years, whatever time local law allows because of infancy, insanity, coverture, and other like circumstances. 2. Patents. The time available to a patent applicant
cooling-off period. 1. An automatic delay between a person’s taking some legal action and the consequence of that action. 2. A period during which a buyer may cancel a purchase. 3. An automatic delay in some states between the filing of divorce papers and the divorce hearing. [Cases: Divorce 146. C.J.S. Divorce §§ 209–210.] 4.
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redemption period. The statutory period during which a defaulting mortgagor may recover property after a foreclosure or tax sale by paying the outstanding debt or charges. [Cases: Mortgages 599; Taxation 699. C.J.S. Mortgages §§ 1034–1037, 1039; Taxation §§ 1258–1264.]
statutory bar. Patents. A patent-law provision that denies patent protection to inventors who wait too long to apply. • This “loss of right” may occur when an inventor publishes an article about the work, sells it, offers it for sale, or makes public use of the invention. The inventor has one year after the disclosure
grace period. 1. A period of extra time allowed for taking some required action (such as making payment) without incurring the usual penalty for being late. • Insurance policies typically provide for a grace period of 30 days beyond the premium’s due date, during which the premium may be paid without the policy being canceled.
The statutory right of a defaulting mortgagor to recover property, within a specified period, after a foreclosure or tax sale, by paying the outstanding debt or charges. • The purpose is to protect against the sale of property at a price far less than its value. See REDEMPTION PERIOD. [Cases: Mortgages 592. C.J.S. Mortgages §§
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notice-and-comment period. Administrative law. The statutory time frame during which an administrative agency publishes a proposed regulation and receives public comment on the regulation. • The regulation cannot take effect until after this period expires. — Often shortened to comment period. [Cases: Administrative Law and Procedure 394, 395. C.J.S. Public Administrative Law and Procedure §§
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abandoned application. Patents & trademarks. An application removed from the U.S. Patent and Trademark Office docket of pending applications because the applicant (or the applicant’s attorney or agent of record) filed an express notice of abandonment, failed to take appropriate action at some stage in the prosecution of a nonprovisional application within the time specified
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tack, n. Scots law. A deed creating a lease of land or other immovable property for an annual rent payable in money, services, or fruits produced on the land. • The lessee may be referred to as a tacksman or tackswoman. — tack, vb. tack, vb. 1. To add (one’s own period of land possession)