Field Of Use

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Dictionary Says

Definition of 'Field Of Use'

Restrictions that are placed on a license granted for the use of an existing patent. Field of use restrictions limit the use of a patent to a certain industry, or even a specific product. These restrictions aim to protect patents against overuse or reckless use, and are a factor in the fees that are charged to patent licensees.
Investopedia Says

Investopedia explains 'Field Of Use'

Field of use restrictions help patent owners control how their patents and inventions are used in the marketplace. This arrangement is often found with the free licensing of certain patents. This enables the patent holder to profit from future applications that might use the patent in different ways. Another common example of field of use restrictions occurs within universities, where teams or groups of people may collectively hold a patent, but the members may have different wishes about how the patent should be licensed.
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'Field Of Use'

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  • Pinedale Field Keeps On Ticking

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  • The Gatekeepers: Consultants Hold The Key

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    ... an agreement with the Iraqi government to develop the Missan Oil Field in the ... Use
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  • Exxon Mobil Rejuvenates Mature Oil Field

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    ... When one of the shortcuts is selected, the user is presented with three additional
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    ... When one of the shortcuts is selected, the user is presented with three additional
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    ... A box will appear; use the mouse scroll wheel or click the up/down arrows in the
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    ... A business may also make a green field investment if there is not a suitable target
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  • If different bond markets use different day-count conventions, how ...

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    ... which they typically apply: 30/360 - This is the easiest convention to use because
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