Patent

A patent (/ˈpætənt/ or /ˈpeɪtənt/) is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time, in exchange for the public disclosure of the invention.

The procedure for granting patents, requirements placed on the patentee, and the extent of the exclusive rights vary widely between countries according to national laws and international agreements. Typically, however, a patent application must include one or more claims that define the invention. These claims must meet relevant patentability requirements, such as novelty and non-obviousness. The exclusive right granted to a patentee in most countries is the right to prevent others from making, using, selling, or distributing the patented invention without permission.

Under the World Trade Organization's (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights, patents should be available in WTO member states for any invention, in all fields of technology, and the term of protection available should be a minimum of twenty years. In many countries, certain subject areas are excluded from patents, such as business methods and computer programs.

Read more about PatentDefinition, History, Law

Other articles related to "patent, patents":

Government-granted Monopoly - Patent
... A patent is a set of exclusive rights granted by a state or national government to an inventor or his/her assignee for a limited period of time in exchange ... The procedure for granting patents, the requirements placed on the patentee, and the extent of the exclusive rights vary widely between countries according to ... Typically, however, a patent application must include one or more claims defining the invention which must be new, inventive, and useful or industrially applicable ...
Economics - Criticism - Proposed Alternatives To The Patent System
... According to James Bessen, elimination of the patent system would increase the incentives for innovation in all industries except chemistry and pharmaceuticals by eliminating startup litigation costs ... of financial incentivization to replace patents ... with abstaining from the monopoly given by a patent ...
Rheinmetall - History
... The patent for the fuse was filed in the UK two years before Hitler came to power in 1933 ... The UK Armed Forces spotted this and reference to the patent helped enormously with disarming these early bombs, although Rheinische Metallwaren- und Maschinenfabrik Aktiengesellschaft and ... Patent Office put a 32-year secrecy order on a similar patent by the University of Illinois in 1948 ...
Propafenone - Patent Issues
... The patents for the Rythmol family of products are owned by Reliant Pharmaceuticals, Inc ... Reliant acquired the patents from developer Abbott Laboratories, Inc ... Reliant Pharmaceuticals filed a federal patent infringement lawsuit against generic drug maker Par Pharmaceuticals, Inc ...
BlackLight Power - Company - Patents
... BLP holds several patents based on graphic modelling software, and a "molecular hydrogen laser" ... A 2000 patent based on its hydrino-related technology was later withdrawn by the United States Patent and Trademark Office (USPTO) due to contradictions ... person prompted Group Director Kepplinger to review this new patent herself ...

Famous quotes containing the word patent:

    This is the patent age of new inventions
    For killing bodies, and for saving souls,
    All propagated with the best intentions.
    George Gordon Noel Byron (1788–1824)

    There is a patent office at the seat of government of the universe, whose managers are as much interested in the dispersion of seeds as anybody at Washington can be, and their operations are infinitely more extensive and regular.
    Henry David Thoreau (1817–1862)

    The cigar-box which the European calls a “lift” needs but to be compared with our elevators to be appreciated. The lift stops to reflect between floors. That is all right in a hearse, but not in elevators. The American elevator acts like the man’s patent purge—it works
    Mark Twain [Samuel Langhorne Clemens] (1835–1910)