Patent

Patent

What is a Patent?

A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.

What kind of Protection does a Patent offer?

Patent protection means that the invention cannot be commercially made, used, distributed or sold without the patent owner's consent. These patent rights are usually enforced in a court, which, in most systems, holds the authority to stop patent infringement. Conversely, a court can also declare a patent invalid upon a successful challenge by a third party.

Why are Patents necessary?

Patents provide incentives to individuals by offering them recognition for their creativity andmaterial reward for their marketable inventions. These incentives encourage innovation, which assures that the quality of human life is continuously enhanced.