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Today's Terms
Innovation
Definition:
Generation of new or improved products, processes, and services.
Assignment
Definition:
A transfer of rights in intellectual property. Transfer of anything less is considered to be a "license."
License
Definition:
This is a contractual agreement from a copyright owner or the owner's authorized agent, such as a third party vendor, allowing another party to exercise one or more of the exclusive rights provided the copyright owner under the Copyright Law (See FAQ Section 2.1.5).
More Intellectual Property Terms >
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