Patent
What is a patent?
A patent is an exclusive right granted for an invention. Patents benefit inventors by providing them with legal protection of their inventions. However, patents also benefit the society by providing public access to technical information about these inventions, and thus accelerating innovation.
What is an invention?
An invention is a product or a process that provides a new way of doing something or offers a new technical solution to a problem that surpasses trivial solutions.
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What a Patent Does
Exclusive Rights:
Grants the patent holder the exclusive right to exclude others from making, using, selling, or importing their invention.
Limited Term:
The exclusive rights are granted for a specific period, often around 20 years from the filing date.
Disclosure:
Requires the inventor to provide a detailed public description of the invention, making its technical information accessible.
Benefits of Patents
For Inventors:
Provides legal protection for their innovations and a means to capitalize on them.
For Society:
Encourages innovation by rewarding inventors and promoting technological advancement through public disclosure of new inventions.