Small Entity Clause Samples
The Small Entity clause defines the status of a party, typically in the context of intellectual property or patent law, as a 'small entity' according to specific legal criteria. This designation often applies to individuals, small businesses, or nonprofit organizations that meet certain size or revenue thresholds. For example, a company with fewer than 500 employees may qualify as a small entity and thus be eligible for reduced government fees. The core function of this clause is to ensure that eligible parties receive financial or procedural benefits, such as lower filing fees, thereby reducing barriers to participation in legal or regulatory processes.
Small Entity. Licensee is a ‘small entity’ within the meaning set forth in 37 C.F.R. § 1.27. Licensee agrees to give University prompt notice if, and when, Licensee no longer qualifies as a ‘small entity’ within the meaning set forth in 37 C.F.R. § 1.27 or Licensee grants a Sublicense to any entity that is not a ‘small entity’.
Small Entity is considered as:
Small Entity. To the extent “small entity” fees were paid to the United States Patent and Trademark Office with respect to any Licensed Patent, the payor qualified as a “small entity” and at the time such payment was made, was entitled to pay “small entity” fees, and had not licensed rights in the Licensed Patent to an entity that did not qualify as a “small entity.”