Patent Terms Glossary

ACH

Definition:
Automated Clearing House - a nationwide batch-oriented electronic funds transfer system governed by the NACHA (National Automated Clearing House Association)

Novelty

Definition:
The concept that the claims must be totally new.

Trade Secret

Definition:
Information that companies keep secret to give them an advantage over their competitors.

Provisional Patent Application

Definition:
A provisional application for patent is a U. S. national application for patent filed in the USPTO under 35 U.S.C. § 111(b). It allows filing without a formal patent claim, oath or declaration, or any information disclosure (prior art) statement.

First to invent

Definition:
In some countries, the applicant who is the first to invent will be awarded the patent over all others.

Abstract Of The Disclosure

Definition:
A concise statement of the technical disclosure including that which is new in the art to which the invention pertains.

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