(2) Words.
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Definitions
(2) Words.
Webster
KJV
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Noah Webster's 1828 American Dictionary
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It is not only important, but, in a degree necessary, that the people of this country, should have an American Dictionary of the English language; for, although the body of the language is the same as in England, and it is desirable to perpetuate that sameness, yet some differences must exist. Language is the expression of ideas; and if the people of one country cannot preserve an identity of ideas, they cannot retain an identity of language. |
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1828 Definition
IMMEMO'RIAL, a. [L. in and memor, memoria.]
Beyond memory; an epithet given to time or duration, &c., whose beginning is not remembered, or cannot be traced and ascertained; as when it is said a man has possessed an estate in fee from time immemorial, or time out of mind. Such possession constitutes prescription, or prescriptive right. So we speak of immemorial use, custom or practice. In England, a thing is said to be immemorial, when it commenced before the reign of Edward II.
1913 Definition
Extending beyond the reach of memory, record, or tradition;
indefinitely ancient; as, existing from time immemorial.
"Immemorial elms." Tennyson. "Immemorial usage
or custom." Sir M. Hale.
Time immemorial (Eng. Law.), a time antedating (legal) history, and beyond "legal memory" so called; formerly an indefinite time, but in 1276 this time was fixed by statute as the begining of the reign of Richard I. (1189). Proof of unbroken possession or use of any right since that date made it unnecessary to establish the original grant. In 1832 the plan of dating legal memory from a fixed time was abandoned and the principle substituted that rights which had been enjoyed for full twenty years (or as against the crown thirty years) should not be liable to impeachment merely by proving that they had not been enjoyed before. | ||||||||
Patents have a maximum life of 20 years and, therefore, a 20-year potential monopoly. Patents that are just beginning their life and which have longer to run on the their potential monopoly position understandably will have more value. It is rare that a patent nearing the end of its term will cause a great threat to its competitors. It is almost certain that they will have devised technologies or products of their own by then that will not interfere with the patent owners monopoly position. In addition, one has to take into consideration the potential business life of a patent, i.e., the duration, which a patent is likely to be economically useful, if other subsequent patents are providing better alternatives to it.
