Meaning & Definition Of Patent
A Patent is an intellectual property that grants exclusive rights to the owner over its use and distribution, but not ownership. The owner can sell, license or give away their rights to others.
- The purpose of a patent is to help encourage innovation by providing inventors with a period of exclusivity in which they can profit from their invention before others copy it and produce cheaper versions.
- A patent provides protection to the owner from others who may want to exploit the technology without their consent. It also provides a way for inventors to get compensated for their inventions.
Patent – Frequently Asked Questions
– What does Patent stand for?
– What does Patent mean?
– What is Patent?
– Patent Definition / Patent Meaning