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Key Takeaways
- A patent is the granting of a property right by a sovereign authority to an inventor.
- A patent provides the inventor exclusive rights to the patented process, design, or invention for a certain period in exchange for a complete disclosure of the invention.
- In June of 2018, the U.S. Patent and Trademark Office issued its 10 millionth patent.
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So, what exactly is a patent? In this guide, we will explain everything you need to know about patents, as simply as possible. A patent is the exclusive right granted for an invention, process, or product that is new, useful, and non-obvious.
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Oct 8, 2024 · What is a patent in simple terms? A patent is a government-issued certificate granting exclusive rights to an inventor, preventing others from using, making, or selling the invention without permission.
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What is a Patent? A patent is a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period in exchange for the public disclosure of an invention. In return, inventors enjoy the right to prevent …
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