patentees

Patentees are individuals or entities that hold a patent, which is a legal right granted by a government to an inventor. This right allows the patentee to exclude others from making, using, or selling the patented invention for a certain period, typically 20 years. Patents encourage innovation by giving inventors the opportunity to profit from their creations without competition. To obtain a patent, the inventor must publicly disclose details about the invention, which helps advance knowledge and technology in that field. Patentees play a crucial role in fostering creativity and protecting intellectual property.