PRICE-EROSION THEORY

By SovConn | July 27, 2014

price-erosion theory. Patents. A theory of lost-profits remedy that measures the difference between what an item could have sold for with patent protection and what it actually sold for while having to compete against an infringing item. [Cases: Patents 318(3). C.J.S. Patents §§ 564, 566.]

[Blacks Law 8th]

Posted in Law Dictionary Definitions