Patent Reexamination

DEFINITION of 'Patent Reexamination'

A process conducted by the U.S. Patent and Trademark Office (USPTO) on a patent that already has been issued in order to verify the claims and scope of the patent. A patent reexamination is usually brought about by the original patent holder when that party feels another party has produced a product or service that infringes on its patent. Both parties are given the opportunity to state their cases in writing, and then the USPTO will render its judgment. The reexamination process originated as a cheaper and faster way to settle patent disputes rather than through litigation.

BREAKING DOWN 'Patent Reexamination'

Patents and other intellectual properties are an extremely valuable asset for a company - one worth protecting. In certain industries, such as technology and generic drugs, patent disputes involve very large stakes in today's marketplace, and the outcome of a patent reexamination or trial can cause big swings in the underlying stocks of the companies involved.

RELATED TERMS
  1. Medical Patent

    A legal protection against market competition that a government ...
  2. Patent Agent

    A professional licensed by the United States Patent and Trademark ...
  3. Patent

    A government license that gives the holder exclusive rights to ...
  4. Design Patent

    A patent protecting the unique visual qualities of a manufactured ...
  5. Patent Attorney

    A lawyer with expertise in intellectual property law as it pertains ...
  6. Patent Share

    The percentage share of a universe of patents owned or created ...
Related Articles
  1. Personal Finance

    Hiring A Really Competent Patent Attorney

    Use this guide to find a well-qualified attorney to guide your application through the complex patenting process at the best possible price.
  2. Investing

    Patents Are Assets, So Learn How To Value Them

    Innovation is the key to staying on top. Find out how companies protect their ideas and how to figure out how much they're worth.
  3. Investing

    Who Are Patent Trolls & How Do They Work?

    Patent trolls are in the business of patent litigation, enforcing their patent rights against alleged infringers through license fees and lawsuits.
  4. Personal Finance

    Filing A Patent

    Want to patent your invention or design? Here's a complete step-by-step guide to the process.
  5. Personal Finance

    Protecting Your Idea: Should You Patent It?

    At what stage of development should you patent an idea – and which ideas can you patent? Here's how to decide and what to do next.
  6. Personal Finance

    What's The Cost To File A Patent?

    When filing a patent, be ready to pay attorney fees, filing fees and other related expenses. Usually the total bill is a few thousand dollars.
  7. Investing

    How Patent Trolls Hurt Competition

    Patent trolls are known to have a negative impact on the overall business ecosystem. Investopedia explores how.
  8. Personal Finance

    Patents, Trademarks and Copyrights: The Basics

    The decision to pursue a patent, trademark or copyright depends on the type of intellectual property you’re trying to shield.
  9. Markets

    Pharma Patent Trolls: Cheap Drugs At A Steep Price

    Though patent trolls can help patients achieve cheaper medication in the short-term, everyone pays for it in the long term.
  10. Personal Finance

    Apple Loses To VirnetX In Patent Case

    Apple, Inc. loses a patent case to VirnetX Holding Corporation and needs to cough up $625 million.
RELATED FAQS
  1. Can you realize capital gains on intangible property?

    Learn more about capital gains and losses and how they may apply to intangible assets. Find examples of intangible assets ... Read Answer >>
  2. What types of companies have a high proportion of intangible assets?

    Explore what types of companies are most likely to have a high proportion of intangible assets, due to the nature of the ... Read Answer >>
  3. What are typical examples of capitalized costs within a company?

    Learn examples of capitalized costs such as expenses incurred to put fixed assets to use as well as software development ... Read Answer >>
  4. What are the major barriers to entry for new companies in the drugs sector?

    Find out why barriers to entry for U.S. drug companies are so high and how the Food and Drug Administration, or FDA, inhibits ... Read Answer >>
  5. What is the drugs sector?

    Learn more about the drug industry and how new drugs are brought to market. Find out about how drug research is financed ... Read Answer >>
  6. What are some common examples of noncurrent assets?

    Learn more about noncurrent assets and examples of noncurrent assets, such as tangible fixed assets, intangible fixed assets ... Read Answer >>
Trading Center