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market share theory

market-share theory. Antitrust. 1. A method of determining damages for lost profits by calculating the impact of the defendant’s violation on the plaintiff’s output or market share. Cf. BEFORE-AND-AFTER THEORY; YARDSTICK THEORY . [Cases: Monopolies 12(1.3). C.J.S. Monopolies §§ 28–37, 52, 64–66.] 2. Patents. A theory of lost-profits remedy offered when the patentee and the […]

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literae patentes

literae patentes (lit-[schwa]r-ee p[schwa]-ten-teez), n. [Latin “open letters”] Hist. A public grant from the sovereign to a subject, conferring the right to land, a franchise, a title, liberty, or some other endowment. • The modern “patent” and, more closely, “letters patent” derive from this term. See LETTERS PATENT(1). “The term ‘patent’ is short for ‘letters

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walker process claim

Walker Process claim. Patents. A counterclaim in an infringement suit, seeking a declaratory judgment that the patent is invalid because its owner defrauded the Patent Office. • The claim is based on antitrust law, alleging that the patentee wrongfully tried to monopolize a market. Walker Process Equip., Inc. v. Food Mach. & Chem., 382 U.S.

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