Caveat emptor Caveat emptor Caveat emptor (, ) is Latin for "Let the buyer beware" (from "caveat", "may he beware", a subjunctive form of "cavēre", "to beware" + "ēmptor", "buyer"). Generally, "caveat emptor" is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods. The phrase "caveat emptor" and its use as a disclaimer of warranties arise from the fact that buyers typically have less information about the good or service they are purchasing, while the seller has more information. The quality of this situation is known
Patent caveat Patent caveat A patent caveat, often shortened to caveat, was a legal document filed with the United States Patent Office. Caveats were instituted by the U.S. Patent Act of 1836, but were discontinued in 1909, with the U.S. Congress abolishing the system formally in 1910. A caveat was similar to a patent application with a description of an invention and drawings, but without examination for patentable subject matter and without a requirement for patent claims. A patent caveat was an official notice of intention to file a patent application at a later date. A caveat expired after one year, but