Patents
A patent is a legal document granted by a government that gives an inventor exclusive rights to their invention for a certain period, usually 20 years. This means others cannot make, use, or sell the invention without permission. Patents encourage innovation by rewarding inventors for their ideas, while also ensuring that the public eventually benefits from these innovations, as patents eventually expire. To obtain a patent, the invention must be new, useful, and not obvious. There are different types of patents, including those for inventions, designs, and plants.
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A patent is a legal right granted by a government to an inventor, giving them exclusive control over their invention for a certain period, usually up to 20 years. This means that others cannot make, use, or sell the invention without permission. Patents encourage innovation by rewarding inventors for their creativity and investment in developing new ideas. To obtain a patent, the invention must be novel, non-obvious, and useful. Once granted, the patent protects the inventor's interests and can also be licensed or sold, creating potential revenue streams.