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).
A formal report from a Patent Office examiner to an inventor or attorney detailing which claims in a patent application were allowed for later issue (publication) in a patent and which claims were rejected.The examiner gives reasons for allowance or rejection. type of patent in some countries used for inventions that have a short commercial life or that offers a comparatively small advance over existing technology. It often has a shorter term of protection, for example 8 years instead of 20 in Australia. See also utility model and petty patent.