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
A patent filed, usually as a result of a bet between patent lawyers, that they can get the patent office to grant an obviously ludicrous patent. Well known examples are the obviously scatological Novelty Keyhole Finder, U.S. Patent No. 2,632,266 granted in 1950 for a fur lined keyhole, which allegedly resulted from a drunken bet (apparently the patent attorney involved was also disciplined by a red-faced USPTO which used to deny the patent’s existence); and US 6,368,227 B1 for a Method of Swinging on a Swing See Fake Patent.
