Patent
05/07/2023 Financial & Legal Services
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Description
A patent is a form of intellectual property right granted by a government to an inventor or assignee, providing exclusive rights for a limited period of time in exchange for the public disclosure of an invention. It is a legal protection that allows inventors to prevent others from making, using, selling, or importing their invention without permission.
Patents are granted for new, useful, and non-obvious inventions or discoveries in various fields such as technology, medicine, engineering, and design. They provide inventors with the opportunity to protect their creations and commercially exploit them, thereby incentivizing innovation and the advancement of society.
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