Finding present values is called discounting, and it is simply the reverse of compounding. In general, the present value of a cash flow due n years in the future is the amount which, if it were on hand today, would grow to equal the future amount.
A patent attorney is an attorney who has the specialized qualifications necessary for representing clients in obtaining patents and acting in all matters and procedures relating to patent law and practice, such as filing an opposition.o register as a patent agent or patent attorney, one must pass the USPTO registration examination. This exam, commonly referred to as the patent bar, tests a candidate's knowledge of patent law and USPTO policies and procedures as set forth in the Manual of Patent Examining Procedure (MPEP).
U.S. and Foreign Patent Agents United States courts are similarly divided as to whether the attorney-client privilege applies to communicationsbetween patent agents and their clients. Patents agents are licensed to practice in front of the Patent andTrademark Office but are not licensed to practice law in any state.al. 1970). Under this theory, the attorney-client privilege is not available for documents given to or prepared. by the patent attorney which contain technical material. Recent cases have criticized this view, and permit documents containing technical information to be privileged.