Definitions (2)
1. Administrative law: Legal principle that, in general, a plaintiff must exhaust all available administrative remedies before seeking judicial review. Also called exhaustion of rights doctrine.
2. Intellectual property: Legal principle that, in general, the first sale of a copyrighted, patented, or trademarked good exhausts the copyright, patent or trademark owner's intellectual property right (IPR) in that he or she cannot control the distribution or resale of the good. Therefore if 'A' (the IPR owner) sells to 'B,' then 'B' can sell to 'C' without the approval of 'A.' Also called doctrine of first sale. See also diversion (Definition 1).
Related Articles
- Inflation, Interest Rates and the Fed *
- How to Set Up a Budget *
- Planning for your Child's Future *
- The Economy: From Boom to Recession *
- The CANSLIM Stock Strategy *
- "Buy Put" Stock Option Investment Strategy *
- Index Funds and ETFs *
- Less Popular Types of Mutual Funds - Part 2 *
Related Videos
http://www.businessdictionary.com/definition/doctrine-of-exhaustion.html


