Patent policies

Patent policies are rules set by governments or organizations that govern how inventions are protected and used. They ensure that inventors can secure exclusive rights to their creations for a limited time, encouraging innovation. These policies specify the procedures for applying, examining, and granting patents, as well as how patents can be licensed or enforced. They aim to balance the interests of inventors, the public, and industries by promoting technological progress while ensuring access once patent protections expire. Overall, patent policies create a structured framework to foster innovation while maintaining fair use and competition.