Concept · Fundraising and equity

Notice of allowance

Also called: allowance, patent allowed, allowed application

A notice from the patent or trademark office that an application has been approved, pending final fees or steps.

For example: After two rounds of office actions, the founder receives a notice of allowance and pays the fee to have the patent issued.

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This glossary is plain-language orientation, not legal or financial advice. Before you decide on a company structure, a contract, taxes or a fundraising deal, talk with a lawyer or an accountant.

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