Exhaustion

Exhaustion

1. In intellectual property regimes, the transaction at which rights terminate. Under national exhaustion, rights end with first sale in a country, preventing parallel imports. Under international exhaustion, rights end with first sale anywhere, permitting parallel imports. 2. Product exhaustion.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Economy
Category: International economics
Company: University of Michigan
Product:
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