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Ipglossary.com is a practical glossary for managers, executives and technologists as well as lawyers working in IP in an international environment. The glossary provides practical explanations of key legal and business terms in a large number of technology related fields including intellectual property, licensing, venture capital, corporate and securities law, antitrust and competition law, and of course terms relevant to technology, in general. Read more

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A process by which a debtor or holder of an asset, who has two different parties claiming the right to receive payment or the asset, can deposit payment or the asset with the court (or agree to turn it over), but petitions the court to resolve which of the two parties should receive it, in effect forcing the contending parties to fight the issue out between themselves and avoiding any liability that might result from making the choice itself.  In effect a way of saying: “it’s not mine, let them fight out who owns it between them, without my spending any time or money…”

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