Helpful Terms and Definitions
Inventor
Definition:
one who contributes to the conception of an invention. The patent law of the United States of America requires that the applicant in a patent application must be the inventor.
Activity Based Cost Accounting
Definition:
An accrual-based accounting method for determining unit-based costs of delivering services by allocating the costs to budgetary resources; it measures the performance and costs related to a specific activity or function.
USPTO
Definition:
United States Patent and Trademark Office, designation became effective April 3, 2000; a result of the American Inventors Protection Act of 1999
Trade Secret
Definition:
A trade secret includes proprietary knowledge (know-how) and other confidential information that companies keep secret to give them an advantage over their competitors.
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