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abstract  idea.Intellectual  property.  A  concept  or  thought,  removed  from  any  tangible embodiment. • An abstract idea is one of the categories of unpatentable subject matter, along with natural phenomena and laws of nature. But a process that uses abstract ideas to produce a useful result  can  be  patented.  Copyright  law  likewise  will  not  protect  an …

abstracter. See ABSTRACTOR. [Blacks Law 8th]

abstract compromis.See general compromis under COMPROMIS. [Blacks Law 8th]

abstract,n.1.  A  concise  statement  of  a  text,  esp.  of  a  legal  document;  a  summary.  See ABSTRACT OF JUDG-MENT; ABSTRACT OF TITLE. 2.Patents. A one-paragraph summary of an  invention’s  design  and  function,  including  its  nature,  structure,  purpose,  and  novelty.  •  The abstract is a required part of a patent application, and also appears on the front…

priest–penitent privilege. See PRIVILEGE(3). [Blacks Law 8th]

price war. A period of sustained or repeated price-cutting in an industry (esp. among retailers), designed to undersell competitors or force them out of business. [Blacks Law 8th]

price support. The artificial maintenance of prices (as of a particular commodity) at a certain level, esp. by governmental action (as by subsidy). [Cases: Agriculture 3.5.] [Blacks Law 8th]

price-renegotiation clause. Oil & gas. A provision in a gas contract allowing for price renegotiation from time to time or upon election of one of the parties. [Blacks Law 8th]

price memorandum. Securities. A document created by an underwriter to explain how securities are priced for a public offering and, typically, to show estimates and appraisals that are not allowed as part of the offering documents. [Blacks Law 8th]

abstinence  (ab-st<<schwa>>-n<<schwa>>nts).  The  practice  of  refraining  completely  from indulgence  in  some  act;  esp.,  the  practice  of  not  having  sex  or  of  not  consuming  alcoholic beverages. [Blacks Law 8th]