Patent

A patent grants an inventor exclusive legal rights to their new, non-obvious, and industrially applicable invention for a limited period, typically 20 years. This powerful intellectual property tool prevents others from making, using, selling, or importing the invention without the patent holder’s permission. Securing a patent involves a rigorous application process, requiring a detailed disclosure of the invention’s technical aspects and claims defining its scope. Beyond protection, patents can generate significant revenue through licensing or sale, enhance a company’s valuation, and provide a crucial competitive advantage in the market. Ultimately, a patent serves as a testament to innovation, safeguarding groundbreaking ideas and fostering further technological advancement.