antiquus et novus extentus

antiquus et novus extentus (an-tI-kw[schwa]s et noh-v[schwa]s ek-sten-t[ schwa]s). [Law Latin] Scots law. Old and new extent. • The phrase appeared in reference to the valuation of land for tax purposes, with old valuations assessed in the year 1280, and new valuations assessed several times after that date. Cf. QUANTUM NUNC VALENT; QUANTUM VALUERUNT TEMPORE PACIS.

ANTISHELVING CLAUSE antishelving clause. Patents. A provision in a patent-licensing contract, usu. one in which payment is based on royalties, requiring the licensee to put the patented article into commercial use within a specified time and to notify the patentee if the licensee decides to stop selling or manufacturing it. • The licensee generally agrees to commercially exploit the patent or else risk losing the license or exclusivity. Antishelving clauses are also used in trademark licenses.

— Also termed antishelving provision; shelving clause; shelving provision. [Cases: Patents 211(1). C.J.S. Patents § 348.]


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