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esi and mnm, page-18

  1. SP3
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    Intellectual Property (IP) and Patent is not the same thing. They both have different meanings.

    in this case the IP is not under dispute - ECT owns it outright. However, the Australian full rights Patent application is.

    Basically an IP (in this case the Coldry tech)is usually protected by a patent (ie a license giving the owner of an IP an exclusive right).
 
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