BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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until death of inventor
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20 years
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forever
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70 years after death of creator
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Detailed explanation-1: -How long does patent protection last? Patent protection is granted for a limited period, generally 20 years from the filing date of the application. Is a patent valid in every country? Patents are territorial rights.
Detailed explanation-2: -A U.S. utility patent, explained above, is generally granted for 20 years from the date the patent application is filed; however, periodic fees are required to maintain the enforceability of the patent.
Detailed explanation-3: -Giving patents an expiration date will allow competition to keep the price competitive and allow improvements to the idea. There are some companies that wish to hold onto the intellectual property that they use to produce products.
Detailed explanation-4: -No, you cannot renew a patent for an additional 20-year term. Utility patents have a 20-year term and design patents have a 15-year term. Patents rights are discharged discharged into the public domain when they expire.