The Everyday Dictionary of Law
The Everyday Dictionary of Law provides legal vocabulary currently in use in common law jurisdictions such as most notably, in the United States. The dictionary is compiled specifically for commercial and intellectual property law practitioners, which provides simple definitions and meanings in American English, for legal terms (including Latin terms) used in formal correspondence, court proceedings, and motion practice as well as common language words that are frequently used in the same. It is a simple reference guide for attorneys, paralegals as well as casual readers who need to check the meaning of a particular legal term in due course of their work.
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Maximum Cumulative Royalty (Rate). With regards to standard essential patents, an MCR is an agreed highest royalty rate for licensing all the patents that relate to a specific standard.
For example: If it is agreed that all the standard essential patents relating to a specified standard should be 8% of the sales price of the product, then a vendor that owned 25% of the standard essential patents would receive 25% of the maximum 8% of royalties.