Patent
Patent, also known as patent, is a legal protection granted to inventors and innovators to protect their new and unique inventions. It is a powerful tool that secures intellectual property and gives the inventor the exclusive right to make, sell and use the invention for a specified period of time, usually 20 years.
How does a patent work?
To obtain a patent, the inventor must submit a detailed and complete description of the invention to a national patent office. This description must indicate how the invention works and how it differs from existing technologies. Once granted, the patent provides protection against others seeking to copy or use the invention without permission. This encourages innovation because inventors are rewarded for their work and can share knowledge without fear of misuse. Patents are essential to the development of new technologies and products, and play a crucial role in promoting economic growth and competition.
