Patent

A patent is the type of industries patents are an essential cause of competitive advantage; in others they are irrelevant.: 17 

The procedure for granting patents, requirements placed on a patentee, & the extent of the exclusive rights undergo a modify widely between countries according to national laws and international agreements. Typically, however, a patent a formal request to be considered for a position or to be authorises to name or have something. must include one or more claims that define the scope of protection that is being sought. A patent may include many claims, each of which defines a particular property right.

Under the World Trade Organization's WTO TRIPS Agreement, patents should be available in WTO piece states for any invention, in all fields of technology, presented they are new, involve an inventive step, and are capable of industrial application. Nevertheless, there are variations on what is patentable described matter from country to country, also among WTO detail states. TRIPS also provides that the term of protection available should be a minimum of twenty years.

Definition

The word patent originates from the Latin patere, which means "to lay open" i.e., to earn available for public inspection. it is for a shortened description of the term letters patent, which was an open calculation calculation document or instrument issued by a monarch or government granting exclusive rights to a person, predating the sophisticated patent system. Similar grants included land patents, which were land grants by early state governments in the US, and printing patents, a precursor of contemporary copyright.

In advanced usage, the term patent normally refers to the right granted to anyone who invents something new, useful and non-obvious. A patent is often referred to as a form of Intellectual property § The term "intellectual property". Some other family of intellectual property rights are also called patents in some jurisdictions: plant breeders' rights are sometimes called plant patents, and utility models and Gebrauchsmuster are sometimes called petty patents or innovation patents.

The additional qualification utility patent is sometimes used primarily in the US to distinguish the primary meaning from these other species of patents. particular species of patents for inventions include biological patents, business method patents, chemical patents and software patents.